SunTrust Banks, Inc. reaffirmed their buy rating on shares of Cotiviti Holdings Inc (NASDAQ:COTV) in a research report report published on Friday. SunTrust Banks, Inc. currently has a $45.00 price target on the business services provider’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Cotiviti Holdings from a hold rating to a sell rating in a research note on Thursday. BidaskClub lowered shares of Cotiviti Holdings from a hold rating to a sell rating in a research note on Saturday, November 4th. 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, November 3rd. Jefferies Group LLC lowered 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, November 3rd. 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $41.29.

Cotiviti Holdings (NASDAQ:COTV) opened at $31.72 on Friday. Cotiviti Holdings has a 12 month low of $29.19 and a 12 month high of $45.97.

Cotiviti Holdings (NASDAQ:COTV) last announced its 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. The company had revenue of $174.20 million during the quarter, compared to analyst estimates of $174.01 million. Cotiviti Holdings had a net margin of 11.18% and a return on equity of 7.68%. Cotiviti Holdings’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share.

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In other news, CEO J Douglas Williams sold 8,364 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $35.93, for a total transaction of $300,518.52. Following the sale, the chief executive officer now owns 2,876,609 shares of the company’s stock, valued at $103,356,561.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David Beaulieu sold 5,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the chief operating officer now directly owns 43,133 shares in the company, valued at approximately $1,509,655. The disclosure for this sale can be found here. Insiders have sold 130,095 shares of company stock worth $4,580,825 in the last three months.

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