Shares of Cotiviti Holdings Inc (NASDAQ:COTV) have earned an average rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $41.33.

COTV has been the subject of several recent research reports. Zacks Investment Research upgraded Cotiviti Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Leerink Swann initiated coverage on Cotiviti Holdings in a report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 price objective for the company. Mitsubishi UFJ Financial Group initiated coverage on Cotiviti Holdings in a report on Thursday. They set an “overweight” rating and a $42.00 price objective for the company. Finally, BidaskClub lowered Cotiviti Holdings from a “hold” rating to a “sell” rating in a report on Monday.

Shares of Cotiviti Holdings (COTV) traded up 1.45% during midday trading on Friday, reaching $35.64. The company’s stock had a trading volume of 402,158 shares. The stock has a market capitalization of $3.28 billion and a PE ratio of 43.84. Cotiviti Holdings has a 52 week low of $29.19 and a 52 week high of $41.38. The stock has a 50-day moving average price of $35.22 and a 200 day moving average price of $35.22.

Cotiviti Holdings (NASDAQ:COTV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $167.60 million during the quarter, compared to analysts’ expectations of $167.47 million. Cotiviti Holdings had a return on equity of 8.55% and a net margin of 12.58%. Cotiviti Holdings’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Equities analysts forecast that Cotiviti Holdings will post $1.54 earnings per share for the current year.

In related news, SVP Jonathan Olefson sold 5,000 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of the sale, the senior vice president now directly owns 5,149 shares in the company, valued at $221,407. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth Connolly Alexander sold 742,349 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $37.00, for a total value of $27,466,913.00. Following the sale, the director now owns 1,614,413 shares of the company’s stock, valued at $59,733,281. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,113,367 shares of company stock valued at $373,109,290.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in Cotiviti Holdings by 31.1% during the second quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock valued at $98,972,000 after buying an additional 631,655 shares in the last quarter. Vanguard Group Inc. raised its holdings in Cotiviti Holdings by 18.0% during the second quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock valued at $93,207,000 after buying an additional 382,020 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Cotiviti Holdings by 19.2% during the second quarter. JPMorgan Chase & Co. now owns 1,988,241 shares of the business services provider’s stock valued at $73,843,000 after buying an additional 320,715 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Cotiviti Holdings by 10.2% during the second quarter. Eagle Asset Management Inc. now owns 1,904,283 shares of the business services provider’s stock valued at $70,725,000 after buying an additional 176,870 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Cotiviti Holdings by 50.8% during the first quarter. Morgan Stanley now owns 1,386,907 shares of the business services provider’s stock valued at $57,737,000 after buying an additional 467,331 shares in the last quarter.

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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.

Analyst Recommendations for Cotiviti Holdings (NASDAQ:COTV)

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