Eagle Asset Management Inc. increased its holdings in shares of Cotiviti Holdings Inc (NYSE:COTV) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,910,138 shares of the business services provider’s stock after buying an additional 3,375 shares during the quarter. Eagle Asset Management Inc. owned 2.07% of Cotiviti worth $61,580,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Strategic Global Advisors LLC purchased a new position in shares of Cotiviti during the third quarter valued at $200,000. Great West Life Assurance Co. Can grew its holdings in shares of Cotiviti by 92.1% during the third quarter. Great West Life Assurance Co. Can now owns 5,570 shares of the business services provider’s stock valued at $198,000 after buying an additional 2,670 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Cotiviti during the second quarter valued at $286,000. First Quadrant L P CA purchased a new position in shares of Cotiviti during the fourth quarter valued at $254,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Cotiviti during the third quarter valued at $288,000. Institutional investors and hedge funds own 85.63% of the company’s stock.
A number of research analysts have recently weighed in on COTV shares. SunTrust Banks reiterated a “buy” rating and set a $45.00 price target on shares of Cotiviti in a report on Friday, November 10th. Citigroup started coverage on Cotiviti in a report on Thursday, January 4th. They set a “buy” rating on the stock. Robert W. Baird reiterated a “buy” rating and set a $44.00 price target on shares of Cotiviti in a report on Friday, November 3rd. Deutsche Bank started coverage on Cotiviti in a report on Friday, December 8th. They set a “hold” rating and a $34.00 price target on the stock. Finally, Jefferies Group lowered their price target on Cotiviti from $41.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.14.
In related news, COO David Beaulieu sold 15,000 shares of Cotiviti stock in a transaction on Friday, January 19th. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the sale, the chief operating officer now owns 49,573 shares of the company’s stock, valued at $1,735,055. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO J Douglas Williams sold 31,547 shares of Cotiviti stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $31.98, for a total value of $1,008,873.06. Following the sale, the chief executive officer now directly owns 2,768,207 shares of the company’s stock, valued at approximately $88,527,259.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,911 shares of company stock valued at $5,344,346. Insiders own 15.80% of the company’s stock.
Shares of Cotiviti Holdings Inc (NYSE COTV) opened at $33.71 on Friday. The stock has a market capitalization of $3,028.77, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.67 and a beta of 0.65. Cotiviti Holdings Inc has a 12-month low of $30.84 and a 12-month high of $45.97. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73.
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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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