Cotiviti Holdings Inc (NYSE:COTV) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.14.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Cotiviti from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. First Analysis lowered Cotiviti from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $40.00 in a report on Friday, February 23rd. Citigroup assumed coverage on Cotiviti in a report on Thursday, January 4th. They set a “buy” rating for the company. Finally, Deutsche Bank assumed coverage on Cotiviti in a research note on Friday, December 8th. They issued a “hold” rating and a $34.00 target price for the company.
Shares of Cotiviti (NYSE COTV) traded down $0.59 on Friday, hitting $36.20. The stock had a trading volume of 155,016 shares, compared to its average volume of 506,054. Cotiviti has a 12-month low of $30.84 and a 12-month high of $45.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $3,399.28, a price-to-earnings ratio of 25.55, a PEG ratio of 1.68 and a beta of 0.93.
Cotiviti (NYSE:COTV) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. Cotiviti had a return on equity of 13.29% and a net margin of 20.36%. The firm had revenue of $176.70 million during the quarter, compared to analyst estimates of $179.43 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts forecast that Cotiviti will post 1.68 earnings per share for the current fiscal year.
In related news, COO David Beaulieu sold 15,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the transaction, the chief operating officer now owns 49,573 shares in the company, valued at approximately $1,735,055. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Douglas Williams sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $33.22, for a total value of $996,600.00. Following the completion of the transaction, the chief executive officer now owns 2,766,660 shares of the company’s stock, valued at approximately $91,908,445.20. The disclosure for this sale can be found here. Insiders sold a total of 150,000 shares of company stock valued at $5,100,900 in the last 90 days. 15.80% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Balentine LLC acquired a new stake in Cotiviti during the 4th quarter worth about $136,691,000. MetLife Investment Advisors LLC acquired a new stake in Cotiviti during the 4th quarter worth about $560,000. Gotham Asset Management LLC grew its position in Cotiviti by 23.9% during the 4th quarter. Gotham Asset Management LLC now owns 356,033 shares of the business services provider’s stock worth $11,468,000 after purchasing an additional 68,743 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Cotiviti during the 4th quarter worth about $397,000. Finally, LPL Financial LLC grew its position in Cotiviti by 30.3% during the 4th quarter. LPL Financial LLC now owns 12,052 shares of the business services provider’s stock worth $388,000 after purchasing an additional 2,802 shares during the period. Institutional investors own 92.63% of the company’s stock.
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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