Cotiviti Holdings Inc (COTV) SVP Sells $485,550.00 in Stock

Cotiviti Holdings Inc (NYSE:COTV) SVP Jonathan Olefson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $32.37, for a total value of $485,550.00. Following the transaction, the senior vice president now directly owns 15,149 shares in the company, valued at $490,373.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cotiviti Holdings Inc (COTV) traded up $0.05 during midday trading on Wednesday, reaching $32.20. The company had a trading volume of 411,000 shares, compared to its average volume of 402,338. The stock has a market cap of $2,969.65, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.82 and a beta of 0.39. Cotiviti Holdings Inc has a twelve month low of $30.84 and a twelve month high of $45.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44.

Cotiviti (NYSE:COTV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $174.20 million during the quarter, compared to analyst estimates of $174.01 million. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. Cotiviti’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. research analysts anticipate that Cotiviti Holdings Inc will post 1.41 EPS for the current fiscal year.

A number of brokerages have recently weighed in on COTV. Mitsubishi UFJ Financial Group began coverage on Cotiviti in a research report on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price on the stock. BidaskClub raised Cotiviti from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 target price on shares of Cotiviti in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 target price on shares of Cotiviti in a research report on Friday, November 10th. Finally, Jefferies Group lowered their target price on Cotiviti from $41.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can bought a new position in Cotiviti in the 2nd quarter valued at $107,000. BNP Paribas Arbitrage SA grew its stake in Cotiviti by 553.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,657 shares during the period. Strategic Global Advisors LLC bought a new position in Cotiviti in the 3rd quarter valued at $200,000. Pacer Advisors Inc. grew its stake in Cotiviti by 138.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 3,280 shares during the period. Finally, Koch Industries Inc. bought a new position in Cotiviti in the 2nd quarter valued at $237,000. 86.18% of the stock is owned by institutional investors and hedge funds.

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About Cotiviti

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 (NYSE:COTV)

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