Cigna Investments Inc. New acquired a new position in shares of Cotiviti Holdings Inc (NYSE:COTV) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 8,190 shares of the business services provider’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Cotiviti by 31.1% during the second quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock worth $98,972,000 after buying an additional 631,655 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Cotiviti by 18.0% during the second quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock worth $93,207,000 after buying an additional 382,020 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cotiviti by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 2,087,341 shares of the business services provider’s stock worth $74,414,000 after buying an additional 99,100 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Cotiviti by 63.1% during the third quarter. Brown Advisory Inc. now owns 1,351,344 shares of the business services provider’s stock worth $48,621,000 after buying an additional 522,956 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Cotiviti by 95.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 991,543 shares of the business services provider’s stock worth $35,676,000 after buying an additional 485,316 shares in the last quarter. 85.95% of the stock is owned by institutional investors.

In other Cotiviti news, CEO J Douglas Williams sold 8,364 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $31.71, for a total value of $265,222.44. Following the transaction, the chief executive officer now directly owns 2,759,951 shares of the company’s stock, valued at $87,518,046.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David Beaulieu sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the transaction, the chief operating officer now directly owns 49,573 shares in the company, valued at $1,735,055. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,566 shares of company stock worth $5,864,814. Insiders own 15.80% of the company’s stock.

COTV has been the subject of a number of research reports. Jefferies Group lowered their price target on shares of Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and issued a $44.00 price target on shares of Cotiviti in a report on Friday, November 3rd. Citigroup initiated coverage on shares of Cotiviti in a report on Thursday, January 4th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Cotiviti from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, BidaskClub lowered shares of Cotiviti from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $41.14.

Shares of Cotiviti Holdings Inc (COTV) opened at $34.96 on Wednesday. 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 firm has a market cap of $3,220.90, a P/E ratio of 24.39, a P/E/G ratio of 1.78 and a beta of 0.43. Cotiviti Holdings Inc has a fifty-two week low of $30.84 and a fifty-two week high of $45.97.

Cotiviti (NYSE:COTV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $174.20 million during the quarter, compared to analyst estimates of $174.01 million. Cotiviti had a net margin of 13.86% and a return on equity of 13.61%. Cotiviti’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. research analysts expect that Cotiviti Holdings Inc will post 1.41 EPS for the current year.

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Cotiviti 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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Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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