Cotiviti Holdings Inc (COTV) CEO J Douglas Williams Sells 8,364 Shares of Stock

Cotiviti Holdings Inc (NASDAQ:COTV) CEO J Douglas Williams sold 8,364 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $34.85, for a total value of $291,485.40. Following the completion of the sale, the chief executive officer now owns 2,809,916 shares in the company, valued at approximately $97,925,572.60. The transaction was disclosed in a filing with the SEC, which is available at this link.

J Douglas Williams also recently made the following trade(s):

  • On Tuesday, October 17th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The stock was sold at an average price of $34.90, for a total value of $581,259.50.
  • On Monday, September 25th, J Douglas Williams sold 8,364 shares of Cotiviti Holdings stock. The stock was sold at an average price of $34.84, for a total value of $291,401.76.
  • On Tuesday, September 26th, J Douglas Williams sold 16,728 shares of Cotiviti Holdings stock. The stock was sold at an average price of $34.95, for a total value of $584,643.60.
  • On Wednesday, September 13th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The stock was sold at an average price of $35.71, for a total value of $594,750.05.
  • On Wednesday, August 30th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The stock was sold at an average price of $35.04, for a total value of $583,591.20.
  • On Wednesday, August 16th, J Douglas Williams sold 8,364 shares of Cotiviti Holdings stock. The stock was sold at an average price of $35.93, for a total value of $300,518.52.
  • On Thursday, August 17th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The stock was sold at an average price of $35.78, for a total value of $595,915.90.
  • On Wednesday, July 26th, J Douglas Williams sold 16,728 shares of Cotiviti Holdings stock. The stock was sold at an average price of $42.33, for a total value of $708,096.24.

Cotiviti Holdings Inc (COTV) opened at 35.13 on Thursday. Cotiviti Holdings Inc has a 12 month low of $29.19 and a 12 month high of $45.97. The stock’s 50 day moving average price is $35.27 and its 200-day moving average price is $35.27. The stock has a market cap of $3.24 billion and a price-to-earnings ratio of 43.21.

Cotiviti Holdings (NASDAQ:COTV) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. Cotiviti Holdings had a return on equity of 8.55% and a net margin of 12.58%. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $167.47 million. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts predict that Cotiviti Holdings Inc will post $1.54 EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. Credit Suisse AG boosted its stake in shares of Cotiviti Holdings by 29.8% in the first quarter. Credit Suisse AG now owns 15,063 shares of the business services provider’s stock valued at $627,000 after buying an additional 3,460 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cotiviti Holdings by 19.2% in the second quarter. JPMorgan Chase & Co. now owns 1,988,241 shares of the business services provider’s stock valued at $73,843,000 after buying an additional 320,715 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Cotiviti Holdings in the first quarter valued at approximately $593,000. Morgan Stanley boosted its stake in shares of Cotiviti Holdings by 50.8% in the first quarter. Morgan Stanley now owns 1,386,907 shares of the business services provider’s stock valued at $57,737,000 after buying an additional 467,331 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Cotiviti Holdings by 141.8% in the first quarter. Geode Capital Management LLC now owns 252,859 shares of the business services provider’s stock valued at $10,526,000 after buying an additional 148,294 shares in the last quarter.

A number of research analysts have recently issued reports on COTV shares. BidaskClub lowered Cotiviti Holdings from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Leerink Swann started coverage on Cotiviti Holdings in a research report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 target price on the stock. Zacks Investment Research upgraded Cotiviti Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Mitsubishi UFJ Financial Group started coverage on Cotiviti Holdings in a research report on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $41.20.

About Cotiviti Holdings

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.

Insider Buying and Selling by Quarter for Cotiviti Holdings (NASDAQ:COTV)

Insider Buying and Selling by Quarter for Cotiviti Holdings (NASDAQ:COTV)

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