Cotiviti Holdings Inc (NASDAQ:COTV) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 target price on shares of Cotiviti Holdings in a research note on Friday. Zacks Investment Research cut shares of Cotiviti Holdings from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Group LLC cut their target price on shares of Cotiviti Holdings from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Friday. Finally, Mitsubishi UFJ Financial Group began coverage on shares of Cotiviti Holdings in a research note on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.67.

Shares of Cotiviti Holdings (NASDAQ COTV) opened at $31.54 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 announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $174.01 million. Cotiviti Holdings had a net margin of 11.18% and a return on equity of 7.68%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share.

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In other news, CEO J Douglas Williams sold 16,655 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $35.78, for a total value of $595,915.90. Following the completion of the sale, the chief executive officer now owns 2,876,609 shares in the company, valued at approximately $102,925,070.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth Connolly Alexander sold 742,349 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $37.00, for a total transaction of $27,466,913.00. Following the completion of the sale, the director now owns 1,614,413 shares of the company’s stock, valued at approximately $59,733,281. The disclosure for this sale can be found here. Insiders have sold 10,130,095 shares of company stock valued at $373,377,330 over the last ninety days.

Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of Cotiviti Holdings in the 2nd quarter worth about $107,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Cotiviti Holdings by 553.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after acquiring an additional 2,657 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Cotiviti Holdings by 138.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock worth $210,000 after acquiring an additional 3,280 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Cotiviti Holdings by 34.5% in the 2nd quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock worth $238,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Cotiviti Holdings by 237.7% in the 2nd quarter. Legal & General Group Plc now owns 6,716 shares of the business services provider’s stock worth $250,000 after acquiring an additional 4,727 shares during the last quarter.

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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