Wells Fargo & Company MN increased its holdings in shares of Cotiviti Holdings Inc (NASDAQ:COTV) by 282.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 304,732 shares of the business services provider’s stock after purchasing an additional 224,975 shares during the period. Wells Fargo & Company MN owned 0.33% of Cotiviti Holdings worth $11,318,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can acquired a new position in Cotiviti Holdings during the second quarter worth approximately $107,000. BNP Paribas Arbitrage SA raised its stake in 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 valued at $117,000 after buying an additional 2,657 shares during the period. Quantbot Technologies LP raised its stake in Cotiviti Holdings by 502.1% in the first quarter. Quantbot Technologies LP now owns 4,775 shares of the business services provider’s stock valued at $198,000 after buying an additional 3,982 shares during the period. Invictus RG bought a new stake in Cotiviti Holdings in the first quarter valued at approximately $209,000. Finally, Pacer Advisors Inc. raised its stake in Cotiviti Holdings by 138.9% in the second quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after buying an additional 3,280 shares during the period.

Cotiviti Holdings Inc (NASDAQ:COTV) opened at 36.08 on Tuesday. Cotiviti Holdings Inc has a 12-month low of $29.19 and a 12-month high of $41.38. The firm has a 50-day moving average of $35.34 and a 200 day moving average of $35.34. The company has a market capitalization of $3.33 billion and a PE ratio of 44.38.

Cotiviti Holdings (NASDAQ:COTV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $167.60 million for the quarter, compared to analyst estimates of $167.47 million. Cotiviti Holdings had a net margin of 12.58% and a return on equity of 8.55%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Analysts forecast that Cotiviti Holdings Inc will post $1.54 EPS for the current fiscal year.

A number of research firms have recently issued reports on COTV. Zacks Investment Research cut Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Leerink Swann initiated coverage on Cotiviti Holdings in a report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 target price on the stock. BidaskClub raised Cotiviti Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Mitsubishi UFJ Financial Group initiated coverage on Cotiviti Holdings in a research note on Thursday, September 21st. They issued an “overweight” rating and a $42.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Cotiviti Holdings presently has a consensus rating of “Buy” and an average price target of $40.71.

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In other news, major shareholder International Corp/Ma Advent sold 9,257,651 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $36.87, for a total transaction of $341,329,592.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan Olefson sold 5,000 shares of Cotiviti Holdings stock in a transaction that occurred 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 approximately $221,407. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,121,804 shares of company stock worth $373,349,280.

Cotiviti Holdings 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.

Institutional Ownership by Quarter for Cotiviti Holdings (NASDAQ:COTV)

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