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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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.
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