Cotiviti Holdings Inc (NASDAQ:COTV) – Research analysts at William Blair reduced their FY2017 earnings per share estimates for Cotiviti Holdings in a report released on Wednesday. William Blair analyst R. Daniels now anticipates that the business services provider will post earnings of $1.44 per share for the year, down from their prior forecast of $1.46.

A number of other brokerages have also weighed in on COTV. Jefferies Group LLC assumed coverage on shares of Cotiviti Holdings in a research report on Thursday, April 13th. They set a “hold” rating and a $45.00 target price for the company. Zacks Investment Research upgraded shares of Cotiviti Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Finally, Leerink Swann assumed coverage on shares of Cotiviti Holdings in a research report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 target price for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Cotiviti Holdings currently has an average rating of “Buy” and an average target price of $38.13.

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Shares of Cotiviti Holdings (NASDAQ:COTV) opened at 37.92 on Monday. The firm has a 50-day moving average of $40.04 and a 200 day moving average of $38.68. The firm has a market cap of $3.50 billion and a PE ratio of 46.64. Cotiviti Holdings has a 52 week low of $23.64 and a 52 week high of $45.97.

Cotiviti Holdings (NASDAQ:COTV) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $167.60 million during the quarter, compared to analysts’ expectations of $167.47 million. Cotiviti Holdings had a net margin of 16.85% and a return on equity of 11.30%. Cotiviti Holdings’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS.

Several large investors have recently made changes to their positions in COTV. Great West Life Assurance Co. Can purchased a new stake in shares of Cotiviti Holdings during the second quarter worth about $107,000. BNP Paribas Arbitrage SA increased its stake in shares of Cotiviti Holdings by 553.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after buying an additional 2,657 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Cotiviti Holdings by 502.1% in the first quarter. Quantbot Technologies LP now owns 4,775 shares of the business services provider’s stock worth $198,000 after buying an additional 3,982 shares during the last quarter. Invictus RG purchased a new stake in shares of Cotiviti Holdings during the first quarter worth about $209,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of Cotiviti Holdings during the first quarter worth about $222,000.

In other news, SVP Jonathan Olefson sold 5,000 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the senior vice president now directly owns 5,149 shares of the company’s stock, valued at $221,407. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Douglas Williams sold 16,655 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $37.73, for a total transaction of $628,393.15. Following the completion of the sale, the chief executive officer now directly owns 2,943,302 shares in the company, valued at $111,050,784.46. The disclosure for this sale can be found here. Insiders have sold 85,945 shares of company stock valued at $3,413,108 in the last quarter.

Cotiviti Holdings 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.

Earnings History and Estimates for Cotiviti Holdings (NASDAQ:COTV)

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