Cotiviti Holdings Inc (NASDAQ:COTV) – Stock analysts at Jefferies Group cut their Q4 2017 earnings per share estimates for shares of Cotiviti Holdings in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Dodge now forecasts that the business services provider will post earnings of $0.42 per share for the quarter, down from their prior estimate of $0.43. Jefferies Group has a “Hold” rating and a $41.00 price objective on the stock. Jefferies Group also issued estimates for Cotiviti Holdings’ FY2018 earnings at $1.60 EPS.

Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Cotiviti Holdings had a net margin of 16.85% and a return on equity of 11.30%. The business had revenue of $167.60 million during the quarter, compared to analyst estimates of $167.47 million. During the same quarter last year, the business earned $0.37 earnings per share. Cotiviti Holdings’s quarterly revenue was up 5.9% compared to the same quarter last year.

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COTV has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Leerink Swann initiated coverage on shares of Cotiviti Holdings in a report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Cotiviti Holdings presently has an average rating of “Buy” and a consensus target price of $38.13.

Cotiviti Holdings (COTV) opened at 38.01 on Monday. The firm’s 50-day moving average is $40.04 and its 200 day moving average is $38.68. Cotiviti Holdings has a 52-week low of $23.64 and a 52-week high of $45.97. The company has a market cap of $3.50 billion and a price-to-earnings ratio of 46.75.

In other Cotiviti Holdings news, SVP Jonathan Olefson sold 5,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the transaction, the senior vice president now owns 5,149 shares of the company’s stock, valued at $221,407. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Present sold 14,252 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $38.36, for a total transaction of $546,706.72. Following the completion of the transaction, the director now directly owns 2,357 shares in the company, valued at approximately $90,414.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,945 shares of company stock worth $3,413,108.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. boosted its position in Cotiviti Holdings by 7.0% in the first quarter. American International Group Inc. now owns 7,785 shares of the business services provider’s stock worth $324,000 after buying an additional 512 shares during the last quarter. Smith Asset Management Group LP boosted its position in Cotiviti Holdings by 0.7% in the second quarter. Smith Asset Management Group LP now owns 92,485 shares of the business services provider’s stock worth $3,435,000 after buying an additional 620 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Cotiviti Holdings by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 60,608 shares of the business services provider’s stock worth $2,523,000 after buying an additional 825 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Cotiviti Holdings by 6.3% in the second quarter. Janney Montgomery Scott LLC now owns 24,697 shares of the business services provider’s stock worth $917,000 after buying an additional 1,455 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Cotiviti Holdings by 3.3% in the first quarter. Wells Fargo & Company MN now owns 79,757 shares of the business services provider’s stock worth $3,320,000 after buying an additional 2,534 shares during 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.

Earnings History and Estimates for Cotiviti Holdings (NASDAQ:COTV)

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