New York State Common Retirement Fund raised its stake in shares of Cotiviti Holdings Inc (NYSE:COTV) by 68.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,320 shares of the business services provider’s stock after buying an additional 23,597 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Cotiviti worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its holdings in Cotiviti by 31.1% during the 2nd quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock valued at $98,972,000 after buying an additional 631,655 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cotiviti by 18.0% during 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 buying an additional 382,020 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cotiviti by 19.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,988,241 shares of the business services provider’s stock valued at $73,843,000 after buying an additional 320,715 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Cotiviti during the 3rd quarter valued at approximately $20,902,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Cotiviti by 38.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 506,227 shares of the business services provider’s stock valued at $18,801,000 after buying an additional 139,337 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

In related news, CEO J Douglas Williams sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $33.22, for a total value of $996,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,766,660 shares in the company, valued at $91,908,445.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David Beaulieu sold 5,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the chief operating officer now owns 43,133 shares of the company’s stock, valued at $1,509,655. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,240 shares of company stock valued at $4,906,718. 15.80% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Cotiviti from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Mitsubishi UFJ Financial Group assumed coverage on shares of Cotiviti in a report on Thursday, September 21st. They issued an “overweight” rating and a $42.00 target price 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. SunTrust Banks reissued a “buy” rating and issued a $45.00 target price on shares of Cotiviti in a report on Friday, November 10th. Finally, Deutsche Bank assumed coverage on shares of Cotiviti in a report on Friday, December 8th. They issued a “hold” rating and a $34.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Cotiviti currently has an average rating of “Hold” and a consensus target price of $40.38.

Cotiviti Holdings Inc (NYSE COTV) opened at $32.21 on Monday. Cotiviti Holdings Inc has a fifty-two week low of $30.84 and a fifty-two week high of $45.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $2,975.19, a price-to-earnings ratio of 33.21, a P/E/G ratio of 1.82 and a beta of 0.43.

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

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Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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