Cotiviti Holdings Inc (NYSE:COTV) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.14.
COTV has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Cotiviti from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Deutsche Bank initiated coverage on shares of Cotiviti in a research note on Friday, December 8th. They issued a “hold” rating and a $34.00 target price on the stock. Citigroup initiated coverage on shares of Cotiviti in a research note on Thursday, January 4th. They issued a “buy” rating on the stock. Finally, First Analysis downgraded shares of Cotiviti from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $40.00 in a research note on Friday, February 23rd.
In other news, COO David Beaulieu sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $35.00, for a total value 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 approximately $1,735,055. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Douglas Williams sold 30,000 shares of the company’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 completion of the sale, the chief executive officer now directly 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 181,547 shares of company stock valued at $6,109,773 in the last ninety days. Corporate insiders own 15.80% of the company’s stock.
A number of large investors have recently bought and sold shares of COTV. Balentine LLC purchased a new stake in Cotiviti during the fourth quarter valued at approximately $136,691,000. Carillon Tower Advisers Inc. purchased a new stake in Cotiviti during the fourth quarter valued at approximately $43,510,000. Mackenzie Financial Corp purchased a new stake in Cotiviti during the fourth quarter valued at approximately $20,680,000. Victory Capital Management Inc. purchased a new stake in Cotiviti during the third quarter valued at approximately $20,902,000. Finally, Sunriver Management LLC purchased a new stake in Cotiviti during the fourth quarter valued at approximately $18,492,000. 91.77% of the stock is owned by institutional investors.
Cotiviti (NYSE:COTV) opened at $36.20 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $3,230.15, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.60 and a beta of 0.93. Cotiviti has a one year low of $30.84 and a one year high of $45.97.
Cotiviti (NYSE:COTV) last issued its earnings results on Wednesday, February 21st. The business services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The business had revenue of $176.70 million for the quarter, compared to the consensus estimate of $179.43 million. Cotiviti had a net margin of 20.36% and a return on equity of 13.29%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. sell-side analysts anticipate that Cotiviti will post 1.68 earnings per share for the current fiscal year.
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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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