Cotiviti Holdings Inc (NASDAQ:COTV) has been given a consensus rating of “Buy” by the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.20.

Several equities research analysts have recently commented on COTV shares. Zacks Investment Research downgraded shares of Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Mitsubishi UFJ Financial Group started coverage on shares of Cotiviti Holdings in a research note on Thursday, September 21st. They set an “overweight” rating and a $42.00 price objective for the company. BidaskClub upgraded shares of Cotiviti Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Leerink Swann started coverage on shares of Cotiviti Holdings in a research note on Tuesday, July 4th. They set an “outperform” rating and a $48.00 price objective for the company.

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Cotiviti Holdings (COTV) traded up 1.03% during trading on Thursday, reaching $35.22. The company had a trading volume of 165,117 shares. Cotiviti Holdings has a 12-month low of $29.19 and a 12-month high of $45.97. The stock has a 50 day moving average of $35.29 and a 200-day moving average of $35.29. The stock has a market capitalization of $3.25 billion and a P/E ratio of 43.32.

Cotiviti Holdings (NASDAQ:COTV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Cotiviti Holdings had a net margin of 12.58% and a return on equity of 8.55%. The business had revenue of $167.60 million during the quarter, compared to the consensus estimate of $167.47 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts forecast that Cotiviti Holdings will post $1.54 earnings per share for the current fiscal year.

In related news, major shareholder International Corp/Ma Advent sold 9,257,651 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $36.87, for a total transaction of $341,329,592.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Douglas Williams sold 16,728 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $42.33, for a total transaction of $708,096.24. Following the transaction, the chief executive officer now owns 2,893,337 shares of the company’s stock, valued at $122,474,955.21. The disclosure for this sale can be found here. Insiders have sold 10,100,149 shares of company stock valued at $372,455,423 over the last 90 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Koch Industries Inc. acquired a new position in Cotiviti Holdings during the second quarter valued at $237,000. California State Teachers Retirement System lifted its position in Cotiviti Holdings by 89.1% during the second quarter. California State Teachers Retirement System now owns 47,125 shares of the business services provider’s stock valued at $1,750,000 after purchasing an additional 22,200 shares during the period. The Manufacturers Life Insurance Company lifted its position in Cotiviti Holdings by 85.7% during the second quarter. The Manufacturers Life Insurance Company now owns 22,294 shares of the business services provider’s stock valued at $828,000 after purchasing an additional 10,286 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Cotiviti Holdings by 164.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 403,034 shares of the business services provider’s stock valued at $14,969,000 after purchasing an additional 250,488 shares during the period. Finally, Scholtz & Company LLC lifted its position in Cotiviti Holdings by 1,053.8% during the second quarter. Scholtz & Company LLC now owns 82,500 shares of the business services provider’s stock valued at $3,064,000 after purchasing an additional 75,350 shares during the period.

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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