Cotiviti Holdings Inc (NASDAQ:COTV) – Analysts at William Blair decreased their FY2017 earnings per share estimates for shares of Cotiviti Holdings in a report issued on Wednesday. William Blair analyst R. Daniels now expects that the business services provider will post earnings of $1.44 per share for the year, down from their prior forecast of $1.46.

Several other equities analysts have also recently issued reports on COTV. Leerink Swann assumed coverage on Cotiviti Holdings in a research report on Tuesday, July 4th. They issued an “outperform” rating and a $48.00 price target on the stock. Zacks Investment Research upgraded Cotiviti Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Finally, Jefferies Group LLC started coverage on Cotiviti Holdings in a research report on Thursday, April 13th. They set a “hold” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.13.

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Cotiviti Holdings (COTV) opened at 38.01 on Monday. Cotiviti Holdings has a 12 month low of $23.64 and a 12 month high of $45.97. The stock has a market cap of $3.50 billion and a P/E ratio of 46.75. The firm’s 50-day moving average price is $40.04 and its 200-day moving average price is $38.68.

Cotiviti Holdings (NASDAQ:COTV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $167.47 million. Cotiviti Holdings had a return on equity of 11.30% and a net margin of 16.85%. Cotiviti Holdings’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Cotiviti Holdings by 115.2% in the first quarter. Vanguard Group Inc. now owns 2,127,592 shares of the business services provider’s stock valued at $88,572,000 after buying an additional 1,138,913 shares during the last quarter. FMR LLC boosted its position in Cotiviti Holdings by 437.8% in the first quarter. FMR LLC now owns 2,033,175 shares of the business services provider’s stock valued at $84,641,000 after buying an additional 1,655,114 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cotiviti Holdings by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 1,667,526 shares of the business services provider’s stock valued at $69,420,000 after buying an additional 188,281 shares during the last quarter. Morgan Stanley boosted its position in Cotiviti Holdings by 50.8% in the first quarter. Morgan Stanley now owns 1,386,907 shares of the business services provider’s stock valued at $57,737,000 after buying an additional 467,331 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in Cotiviti Holdings by 52.6% in the first quarter. GW&K Investment Management LLC now owns 952,149 shares of the business services provider’s stock valued at $39,638,000 after buying an additional 328,281 shares during the last quarter.

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

About Cotiviti Holdings

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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