SunTrust Banks, Inc. reiterated their buy rating on shares of Cotiviti Holdings Inc (NASDAQ:COTV) in a report published on Friday morning. They currently have a $45.00 target price on the business services provider’s stock.

Several other brokerages have also commented on COTV. Zacks Investment Research upgraded Cotiviti Holdings from a sell rating to a hold rating in a research report on Monday, August 7th. Jefferies Group LLC cut their target price on Cotiviti Holdings from $41.00 to $35.00 and set a hold rating on the stock in a research report on Friday, November 3rd. Mitsubishi UFJ Financial Group assumed coverage on Cotiviti Holdings in a research report on Thursday, September 21st. They set an overweight rating and a $42.00 target price on the stock. BidaskClub lowered Cotiviti Holdings from a hold rating to a sell rating in a research report on Monday, September 18th. Finally, Robert W. Baird restated a buy rating and set a $44.00 target price on shares of Cotiviti Holdings in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $41.29.

Shares of Cotiviti Holdings (COTV) opened at $32.04 on Friday. Cotiviti Holdings has a 52-week low of $29.19 and a 52-week high of $45.97.

Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Cotiviti Holdings had a return on equity of 7.68% and a net margin of 11.18%. The firm had revenue of $174.20 million for the quarter, compared to analyst estimates of $174.01 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was up 11.5% on a year-over-year basis.

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In related news, COO David Beaulieu sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the chief operating officer now directly owns 43,133 shares of the company’s stock, valued at approximately $1,509,655. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO J Douglas Williams sold 16,655 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $34.96, for a total value of $582,258.80. Following the transaction, the chief executive officer now directly owns 2,793,261 shares in the company, valued at $97,652,404.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,095 shares of company stock worth $4,580,825.

A number of hedge funds have recently bought and sold shares of the stock. Nicholas Investment Partners LP raised its stake in Cotiviti Holdings by 0.5% during the 2nd quarter. Nicholas Investment Partners LP now owns 62,003 shares of the business services provider’s stock worth $2,303,000 after buying an additional 306 shares during the period. American International Group Inc. raised its stake in Cotiviti Holdings by 7.0% during the 1st quarter. American International Group Inc. now owns 7,785 shares of the business services provider’s stock worth $324,000 after buying an additional 512 shares during the period. Smith Asset Management Group LP raised its stake in Cotiviti Holdings by 0.7% during the 2nd quarter. Smith Asset Management Group LP now owns 92,485 shares of the business services provider’s stock worth $3,435,000 after buying an additional 620 shares during the period. Stifel Financial Corp raised its stake in shares of Cotiviti Holdings by 0.6% in the second quarter. Stifel Financial Corp now owns 115,119 shares of the business services provider’s stock worth $4,274,000 after purchasing an additional 677 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cotiviti Holdings by 1.9% in the second quarter. PNC Financial Services Group Inc. now owns 61,753 shares of the business services provider’s stock worth $2,294,000 after purchasing an additional 1,145 shares during the last quarter.

About Cotiviti Holdings

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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