Victory Capital Management Decreases its Holdings in Evolent Health, Inc

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Victory Capital Management Inc. recently announced that it had decreased its ownership of Evolent Health ($NYSE:EVH), Inc., a leading technology-enabled healthcare services company. Evolent’s services include population health management, risk adjustment services, and integrated delivery network management and advisory services. The company’s mission is to transform healthcare delivery by helping providers improve the quality of care and lower costs for patients. Evolent is uniquely positioned to improve the health of populations through its proprietary technology-enabled platform and provider-centric solutions. It partners with providers and payers to develop and deliver innovative, proven models of care that can be scaled to achieve better health outcomes.

With an extensive network of provider partners across the United States, Evolent looks to be a leader in transforming healthcare delivery. By continuing to innovate and partner with providers, the company is poised to make a positive impact in the industry. The potential for Evolent to transform healthcare delivery is vast, and investors should continue to watch this stock closely.

Share Price

On Friday, Victory Capital Management Inc. announced that it had decreased its holdings in Evolent Health, Inc. This news sent Evolent Health’s stock price on a downward trend, with it opening at $29.8 and closing at $29.6, a decrease of 0.2% from the prior closing price of $29.7. The impact of this news was felt by the stock, but the overall impact of the decision made by Victory Capital Management Inc. is yet to be seen. It has been a leader in the healthcare industry for a number of years and its stock has seen some impressive gains in the past. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Evolent Health. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Evolent Health. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Evolent Health. More…

Key Ratios Snapshot

Some of the financial key ratios for Evolent Health are shown below. More…

Analysis

GoodWhale has conducted an analysis of EVOLENT HEALTH‘s wellbeing to provide investors with an understanding of the company’s financial and business risks. According to our Risk Rating, EVOLENT HEALTH is considered a high risk investment. Upon conducting our analysis, GoodWhale found two risk warnings in EVOLENT HEALTH’s income sheet and balance sheet. To obtain more information on these warnings, we suggest registering as a GoodWhale user. Doing so will provide users with access to our complete analysis, including the warnings detected. More…

Peers

The company’s products and services enable healthcare providers to receive and process payments from patients and third-party payers. Evolent Health Inc’s competitors include PreAxia Health Care Payment Systems Inc, Livecare Inc, PT Bundamedik Tbk, and other healthcare payment processing companies.

– PreAxia Health Care Payment Systems Inc ($OTCPK:PAXH)

PreAxia Health Care Payment Systems Inc is a healthcare technology company that provides solutions to healthcare organizations and payers. Its products and services include claims processing, payment processing, and data management. The company was founded in 1997 and is headquartered in Boston, Massachusetts.

– Livecare Inc ($OTCPK:LVCE)

The companyPT Bundamedik Tbk is a leading healthcare provider in Indonesia. The company has a market cap of 4.73T as of 2022 and a ROE of 10.69%. The company is focused on providing quality healthcare services to the Indonesian people. The company has a strong presence in the Indonesian healthcare market and is committed to providing the best possible care to its patients.

Summary

Evolent Health, Inc. is a health care company that provides an integrated platform of people, technology, and services to health care payers and providers. Investment analysis on the company has revealed that Victory Capital Management Inc. recently reduced their holdings in Evolent Health, Inc., which may have been a strategic decision in light of the current market conditions. Other investors have however continued to demonstrate confidence in the company’s platform and growth potential. Evolent Health, Inc. also performs well in terms of its market share, revenue growth, and profitability, making it a viable investing choice in comparison to its rivals.