Brown Advisory Inc. lifted its holdings in Cotiviti Holdings, Inc. (NYSE:COTV) by 63.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,351,344 shares of the business services provider’s stock after purchasing an additional 522,956 shares during the period. Brown Advisory Inc. owned about 1.46% of Cotiviti worth $48,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC increased its stake in shares of Cotiviti by 31.1% in the 2nd quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock valued at $98,972,000 after purchasing an additional 631,655 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cotiviti by 18.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock valued at $93,207,000 after purchasing an additional 382,020 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cotiviti by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,087,341 shares of the business services provider’s stock valued at $74,414,000 after purchasing an additional 99,100 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Cotiviti by 10.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,904,283 shares of the business services provider’s stock valued at $70,725,000 after purchasing an additional 176,870 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Cotiviti by 95.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 991,543 shares of the business services provider’s stock valued at $35,676,000 after purchasing an additional 485,316 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Several equities analysts recently weighed in on COTV shares. Zacks Investment Research upgraded Cotiviti from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Jefferies Group cut their price target on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating and issued a $45.00 price objective on shares of Cotiviti in a report on Friday, November 10th. Mitsubishi UFJ Financial Group started coverage on Cotiviti in a report on Thursday, September 21st. They issued an “overweight” rating and a $42.00 price objective on the stock. Finally, BidaskClub cut Cotiviti from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.29.

In other news, COO David Beaulieu sold 5,000 shares of the business’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 in the company, valued at approximately $1,509,655. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO J Douglas Williams sold 16,728 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $34.95, for a total value of $584,643.60. Following the transaction, the chief executive officer now owns 2,830,844 shares in the company, valued at $98,937,997.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,440 shares of company stock worth $3,886,490. 15.80% of the stock is currently owned by insiders.

Cotiviti Holdings, Inc. (NYSE COTV) traded up $0.87 during mid-day trading on Friday, reaching $32.68. The company had a trading volume of 461,700 shares, compared to its average volume of 402,068. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73. Cotiviti Holdings, Inc. has a 12 month low of $29.74 and a 12 month high of $45.97. The firm has a market cap of $3,020.00 and a PE ratio of 22.24.

Cotiviti (NYSE:COTV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. The company had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $174.01 million. During the same period in the previous year, the firm posted $0.36 EPS. Cotiviti’s revenue was up 11.5% compared to the same quarter last year. equities research analysts anticipate that Cotiviti Holdings, Inc. will post 1.41 earnings per share for the current fiscal year.

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About Cotiviti

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 (NYSE:COTV)

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