J Douglas Williams Sells 30,000 Shares of Cotiviti Holdings Inc (NYSE:COTV) Stock

Cotiviti Holdings Inc (NYSE:COTV) CEO J Douglas Williams sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $33.22, for a total transaction of $996,600.00. Following the sale, the chief executive officer now owns 2,766,660 shares of the company’s stock, valued at approximately $91,908,445.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, December 13th, J Douglas Williams sold 31,547 shares of Cotiviti stock. The shares were sold at an average price of $31.98, for a total transaction of $1,008,873.06.
  • On Tuesday, November 28th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The shares were sold at an average price of $31.71, for a total transaction of $265,222.44.
  • On Thursday, November 16th, J Douglas Williams sold 16,655 shares of Cotiviti stock. The shares were sold at an average price of $31.25, for a total transaction of $520,468.75.
  • On Tuesday, October 31st, J Douglas Williams sold 16,655 shares of Cotiviti stock. The shares were sold at an average price of $34.96, for a total transaction of $582,258.80.
  • On Monday, October 16th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The shares were sold at an average price of $34.85, for a total transaction of $291,485.40.
  • On Tuesday, October 17th, J Douglas Williams sold 16,655 shares of Cotiviti stock. The shares were sold at an average price of $34.90, for a total transaction of $581,259.50.
  • On Monday, September 25th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The stock was sold at an average price of $34.84, for a total transaction of $291,401.76.
  • On Tuesday, September 26th, J Douglas Williams sold 16,728 shares of Cotiviti stock. The stock was sold at an average price of $34.95, for a total transaction of $584,643.60.

Shares of Cotiviti Holdings Inc (COTV) opened at $33.85 on Friday. Cotiviti Holdings Inc has a fifty-two week low of $30.84 and a fifty-two week high of $45.97. The stock has a market cap of $3,126.69, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.72 and a beta of 0.43. 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 announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $174.20 million for the quarter, compared to the consensus estimate of $174.01 million. Cotiviti had a net margin of 13.86% and a return on equity of 13.61%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 earnings per share. equities research analysts expect that Cotiviti Holdings Inc will post 1.41 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Deutsche Bank assumed coverage on shares of Cotiviti in a research report on Friday, December 8th. They issued a “hold” rating and a $34.00 price target for the company. SunTrust Banks reissued a “buy” rating and issued a $45.00 price target on shares of Cotiviti in a research report on Friday, November 10th. Mitsubishi UFJ Financial Group assumed coverage on shares of Cotiviti in a research note on Thursday, September 21st. They issued an “overweight” rating and a $42.00 price objective on the stock. Zacks Investment Research lowered shares of Cotiviti from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, BidaskClub upgraded shares of Cotiviti from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.38.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Aurora Investment Counsel purchased a new position in shares of Cotiviti during the fourth quarter valued at approximately $1,305,000. California Public Employees Retirement System lifted its stake in shares of Cotiviti by 12.2% during the third quarter. California Public Employees Retirement System now owns 62,819 shares of the business services provider’s stock valued at $2,260,000 after buying an additional 6,819 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Cotiviti by 95.5% during the third quarter. Janney Montgomery Scott LLC now owns 48,282 shares of the business services provider’s stock valued at $1,737,000 after buying an additional 23,585 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Cotiviti by 160.2% during the third quarter. Cubist Systematic Strategies LLC now owns 17,112 shares of the business services provider’s stock valued at $616,000 after buying an additional 10,536 shares during the period. Finally, Highbridge Capital Management LLC lifted its stake in shares of Cotiviti by 18.4% during the third quarter. Highbridge Capital Management LLC now owns 25,089 shares of the business services provider’s stock valued at $903,000 after buying an additional 3,903 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “J Douglas Williams Sells 30,000 Shares of Cotiviti Holdings Inc (NYSE:COTV) Stock” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/14/cotiviti-holdings-inc-cotv-ceo-sells-996600-00-in-stock.html.

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)

Receive News & Ratings for Cotiviti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply