Cotiviti Holdings Inc (NYSE:COTV) CEO J Douglas Williams sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $33.97, for a total value of $1,019,100.00. Following the completion of the transaction, the chief executive officer now directly owns 2,766,660 shares of the company’s stock, valued at $93,983,440.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

J Douglas Williams also recently made the following trade(s):

  • On Thursday, December 21st, J Douglas Williams sold 30,000 shares of Cotiviti stock. The shares were sold at an average price of $33.22, for a total value of $996,600.00.
  • On Wednesday, December 13th, J Douglas Williams sold 31,547 shares of Cotiviti stock. The shares were sold at an average price of $31.98, for a total value of $1,008,873.06.
  • On Tuesday, November 28th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The shares were sold at an average price of $31.71, for a total value of $265,222.44.
  • On Thursday, November 16th, J Douglas Williams sold 16,655 shares of Cotiviti stock. The shares were sold at an average price of $31.25, for a total value of $520,468.75.
  • On Tuesday, October 31st, J Douglas Williams sold 16,655 shares of Cotiviti stock. The shares were sold at an average price of $34.96, for a total value of $582,258.80.

Shares of Cotiviti Holdings Inc (NYSE COTV) opened at $34.40 on Friday. 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 fifty-two week low of $30.84 and a fifty-two week high of $45.97. The firm has a market capitalization of $3,180.00 and a price-to-earnings ratio of 35.10.

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, 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 firm had revenue of $174.20 million during the quarter, compared to the consensus estimate of $174.01 million. During the same period last year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. analysts anticipate that Cotiviti Holdings Inc will post 1.41 EPS for the current year.

COTV has been the subject of several research analyst reports. Zacks Investment Research downgraded Cotiviti from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Jefferies Group decreased their price target on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 3rd. BidaskClub downgraded Cotiviti from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price target on shares of Cotiviti in a report on Friday, November 10th. Finally, Deutsche Bank initiated coverage on Cotiviti in a report on Friday, December 8th. They set a “hold” rating and a $34.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.38.

Large investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC raised its position in Cotiviti by 6.7% in the second quarter. Gotham Asset Management LLC now owns 316,320 shares of the business services provider’s stock worth $11,748,000 after acquiring an additional 19,855 shares in the last quarter. Summit Creek Advisors LLC purchased a new position in Cotiviti in the third quarter worth $7,504,000. American International Group Inc. raised its position in Cotiviti by 48.8% in the third quarter. American International Group Inc. now owns 24,565 shares of the business services provider’s stock worth $884,000 after acquiring an additional 8,057 shares in the last quarter. Royal Bank of Canada raised its position in Cotiviti by 233.8% in the second quarter. Royal Bank of Canada now owns 24,611 shares of the business services provider’s stock worth $914,000 after acquiring an additional 17,238 shares in the last quarter. Finally, State Street Corp raised its position in Cotiviti by 95.8% in the second quarter. State Street Corp now owns 490,091 shares of the business services provider’s stock worth $18,202,000 after acquiring an additional 239,736 shares in the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.watchlistnews.com/insider-selling-cotiviti-holdings-inc-cotv-ceo-sells-30000-shares-of-stock/1813249.html.

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.

Insider Buying and Selling by Quarter for Cotiviti (NYSE:COTV)

Receive News & Ratings for Cotiviti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti and related companies with MarketBeat.com's FREE daily email newsletter.