Cotiviti Holdings, Inc. (NYSE:COTV) – Investment analysts at First Analysis issued their Q3 2018 EPS estimates for Cotiviti in a research report issued to clients and investors on Tuesday. First Analysis analyst forecasts that the business services provider will earn $0.43 per share for the quarter.

A number of other research analysts also recently commented on the stock. SunTrust Banks reiterated a “buy” rating and set a $45.00 price objective on shares of Cotiviti in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of Cotiviti from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. BidaskClub downgraded shares of Cotiviti from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Robert W. Baird reiterated a “buy” rating and set a $44.00 price objective on shares of Cotiviti in a research note on Friday, November 3rd. Finally, Jefferies Group reduced their price objective on shares of Cotiviti from $41.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.29.

Cotiviti (NYSE:COTV) traded down $0.25 during midday trading on Wednesday, reaching $32.43. 350,316 shares of the company’s stock were exchanged, compared to its average volume of 401,845. Cotiviti has a 12-month low of $30.84 and a 12-month high of $45.97. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The company has a market cap of $3,020.00 and a P/E ratio of 22.24.

Cotiviti (NYSE:COTV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Cotiviti had a net margin of 13.86% and a return on equity of 13.61%. The business had revenue of $174.20 million during the quarter, compared to the consensus estimate of $174.01 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year.

In other news, COO David Beaulieu sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the chief operating officer now directly owns 43,133 shares in the company, valued at approximately $1,509,655. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Douglas Williams sold 8,364 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $31.71, for a total transaction of $265,222.44. Following the completion of the transaction, the chief executive officer now owns 2,759,951 shares in the company, valued at $87,518,046.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,440 shares of company stock worth $3,886,490. Insiders own 15.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its position in shares of Cotiviti by 12.2% in the 3rd quarter. California Public Employees Retirement System now owns 62,819 shares of the business services provider’s stock worth $2,260,000 after buying an additional 6,819 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Cotiviti by 95.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,282 shares of the business services provider’s stock worth $1,737,000 after buying an additional 23,585 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Cotiviti by 160.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 17,112 shares of the business services provider’s stock worth $616,000 after acquiring an additional 10,536 shares during the period. Highbridge Capital Management LLC increased its holdings in shares of Cotiviti by 18.4% in the 3rd quarter. Highbridge Capital Management LLC now owns 25,089 shares of the business services provider’s stock worth $903,000 after acquiring an additional 3,903 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Cotiviti in the 3rd quarter worth about $579,000. Institutional investors own 86.18% of the company’s stock.

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Cotiviti 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.

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