Cotiviti Holdings Inc (NYSE:COTV) CEO J Douglas Williams sold 30,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $36.19, for a total transaction of $1,085,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
J Douglas Williams also recently made the following trade(s):
- On Wednesday, February 28th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $33.60, for a total transaction of $1,008,000.00.
- On Friday, February 16th, J Douglas Williams sold 15,000 shares of Cotiviti stock. The stock was sold at an average price of $33.88, for a total transaction of $508,200.00.
- On Wednesday, January 24th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $34.80, for a total transaction of $1,044,000.00.
- On Friday, January 12th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $33.97, for a total transaction of $1,019,100.00.
- On Thursday, December 21st, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $33.22, for a total transaction of $996,600.00.
Shares of COTV stock opened at $35.25 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.68. Cotiviti Holdings Inc has a 1-year low of $30.84 and a 1-year high of $45.97. The firm has a market cap of $3,349.37, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.93.
Cotiviti (NYSE:COTV) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Cotiviti had a net margin of 20.36% and a return on equity of 13.29%. The firm had revenue of $176.70 million during the quarter, compared to the consensus estimate of $179.43 million. During the same period in the prior year, the firm earned $0.39 EPS. The business’s revenue was up 5.2% on a year-over-year basis. equities research analysts predict that Cotiviti Holdings Inc will post 1.68 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of COTV. Balentine LLC bought a new stake in Cotiviti in the 4th quarter valued at $136,691,000. Carillon Tower Advisers Inc. bought a new stake in Cotiviti in the 4th quarter valued at $43,510,000. Mackenzie Financial Corp bought a new stake in Cotiviti in the 4th quarter valued at $20,680,000. Sunriver Management LLC bought a new stake in Cotiviti in the 4th quarter valued at $18,492,000. Finally, Brown Advisory Inc. boosted its holdings in Cotiviti by 63.1% in the 3rd quarter. Brown Advisory Inc. now owns 1,351,344 shares of the business services provider’s stock valued at $48,621,000 after purchasing an additional 522,956 shares during the period. 92.63% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on COTV. First Analysis downgraded shares of Cotiviti from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $40.00 in a report on Friday, February 23rd. Citigroup began coverage on shares of Cotiviti in a report on Thursday, January 4th. They set a “buy” rating for the company. Zacks Investment Research raised shares of Cotiviti from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Deutsche Bank began coverage on shares of Cotiviti in a report on Friday, December 8th. They set a “hold” rating and a $34.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.14.
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Cotiviti Company Profile
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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