Last €1.96 EUR
Change Today +0.071 / 3.76%
Volume 1.5K
HOV On Other Exchanges
Symbol
Exchange
London
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OTC US
As of 4:11 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

xchanging plc (HOV) Snapshot

Open
€1.90
Previous Close
€1.89
Day High
€1.96
Day Low
€1.90
52 Week High
11/4/14 - €2.39
52 Week Low
05/30/14 - €1.76
Market Cap
478.8M
Average Volume 10 Days
321.2
EPS TTM
--
Shares Outstanding
244.3M
EX-Date
04/23/14
P/E TM
--
Dividend
€2.65
Dividend Yield
1.72%
Current Stock Chart for XCHANGING PLC (HOV)

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xchanging plc (HOV) Details

Xchanging plc provides business processing, technology, and procurement services in the United Kingdom and internationally. Its business processing services include universal business process services, including finance and accounting, customer administration, and business analytics; insurance services, such as technology infrastructure and managed services for processing policies and premiums, and handling claims to the insurance market, claims administration, binder 360 services, and broking administration services, as well as workers’ compensation claims processing services in Australia; and financial services, including securities processing, investment account administration, banking, and fund administration for financial institutions in Germany, Italy, and India. The company's technology services comprise technology infrastructure management services; insurance software; application management services; engineering services; education platforms; Internet of things; software to the property and casualty, and health insurance markets; and professional services, big data and analytics, connectivity, and cloud services. Its procurement services include transformational sourcing services, such as strategic assessment, sourcing and category management, project based sourcing, and source-to-pay; and sourcing support and transactional services, including tail end/operational sourcing, sourcing support services, transactional procurement, and resourcing managed services. It serves aerospace and defense, automotive, education, financial services, healthcare, insurance services, manufacturing, real estate, supply chain and logistics, and telecommunications industries. The company was founded in 1999 and is headquartered in London, the United Kingdom.

7,314 Employees
Last Reported Date: 04/2/14
Founded in 1999

xchanging plc (HOV) Top Compensated Officers

Chief Executive Officer, Member of Executive ...
Total Annual Compensation: 959.5K GBP
Chief Financial Officer, Member of Executive ...
Total Annual Compensation: 636.3K GBP
Compensation as of Fiscal Year 2013.

xchanging plc (HOV) Key Developments

Xchanging PLC - Shareholder/Analyst Call

To look at two parts of its business: Procurement and Application Services

Xchanging plc Announces Alliance with Gould & Lamb

Xchanging plc has announced an alliance with Gould & Lamb. The innovative tie-in allows insurers to check and report on US Medicare eligible claimants to the Centre for Medicare Services (CMS). The newly developed service offers an end to end packaged solution, encompassing data harvesting and negotiations around the amount payable to Medicare, whilst freeing claims professionals from the time currently required to obtain and record claimant information. All insurers, irrespective of location, are currently required to report to CMS if a US citizen is potentially Medicare eligible and suffers injury through fault of that insured. The individual does not have to reside in the US, nor does the injury have to occur in the US for them to be Medicare eligible. Insurers who aren't currently reporting correctly, or who aren't reporting at all, may be exposed to heavy fines and recovery action. CMS has the authority to fine insurers internationally for non-reporting compliance up to $1000 per claim per day. Xchanging's Medicare Reporting Service, developed in partnership with Gould & Lamb, offers the following benefits to clients: significant reduction in the amounts payable to CMS through decoupling of unrelated health claims; full compliance with Medicare regulations, guaranteeing that all requirements have been met; reduced risk of fines and reputational damage if targeted by CMS through effective and transparent claim management; and the ability for the insurer's adjusters to focus on core activities that impact indemnity.

Xchanging Plc's Workers' Compensation Contract with State of New South Wales Moves into Run Off

Xchanging plc reported that it will be running off its Workers' Compensation contract with the State of New South Wales (NSW) in Australia during 2015. Xchanging's other Workers' Compensation business in Australia is unaffected. Xchanging has been managing c.5% share of the State of NSW's Workers' Compensation portfolio since 2010 under a contract that expires at the end of 2014. Earlier this year, the State of NSW invited renewal bids with the aim of reducing the number of their suppliers from the commencement of the new contracts in January 2015. Xchanging's re-bid was supported by investment in a newly developed module of its Xuber insurance software. Although there are alternative uses for the software module without the contract award from New South Wales, the carrying value of the investment has been reassessed. Accordingly Xchanging will now make an exceptional write-off of c. £5 million in the current financial year.

 

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Industry Analysis

HOV

Industry Average

Valuation HOV Industry Range
Price/Earnings 6.3x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 6.1x
TEV/Sales 0.5x
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