Equities research analysts predict that Cotiviti Holdings Inc (NASDAQ:COTV) will post $173.92 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Cotiviti Holdings’ earnings, with the lowest sales estimate coming in at $173.00 million and the highest estimate coming in at $175.41 million. Cotiviti Holdings reported sales of $156.24 million in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that Cotiviti Holdings will report full-year sales of $173.92 million for the current year, with estimates ranging from $693.29 million to $700.20 million. For the next financial year, analysts forecast that the business will report sales of $784.25 million per share, with estimates ranging from $771.00 million to $804.51 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Cotiviti Holdings.

Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Cotiviti Holdings had a net margin of 12.58% and a return on equity of 8.55%. The firm had revenue of $167.60 million during the quarter, compared to the consensus estimate of $167.47 million. During the same quarter in the prior year, the firm earned $0.37 EPS. Cotiviti Holdings’s revenue for the quarter was up 5.9% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. Mitsubishi UFJ Financial Group assumed coverage on Cotiviti Holdings in a research note on Thursday. They issued an “overweight” rating and a $42.00 target price on the stock. BidaskClub cut Cotiviti Holdings from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Leerink Swann assumed coverage on Cotiviti Holdings in a research note on Tuesday, July 4th. They issued an “outperform” rating and a $48.00 target price on the stock. Finally, Zacks Investment Research upgraded Cotiviti Holdings from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.71.

Shares of Cotiviti Holdings (COTV) opened at 35.64 on Monday. Cotiviti Holdings has a 52-week low of $29.19 and a 52-week high of $41.38. The stock has a market cap of $3.28 billion and a P/E ratio of 43.84. The company has a 50-day moving average of $35.22 and a 200 day moving average of $35.22.

In related news, SVP Jonathan Olefson sold 5,000 shares of Cotiviti Holdings stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the sale, the senior vice president now directly owns 5,149 shares in the company, valued at $221,407. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder International Corp/Ma Advent sold 9,257,651 shares of Cotiviti Holdings stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $36.87, for a total transaction of $341,329,592.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,113,367 shares of company stock worth $373,109,290.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can bought a new stake in shares of Cotiviti Holdings during the second quarter valued at about $107,000. BNP Paribas Arbitrage SA raised its stake in shares of Cotiviti Holdings by 553.5% during the second quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,657 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Cotiviti Holdings by 502.1% during the first quarter. Quantbot Technologies LP now owns 4,775 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 3,982 shares in the last quarter. Invictus RG bought a new stake in shares of Cotiviti Holdings during the first quarter valued at about $209,000. Finally, Pacer Advisors Inc. raised its stake in shares of Cotiviti Holdings by 138.9% during the second quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 3,280 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Analysts Expect Cotiviti Holdings Inc (COTV) Will Post Quarterly Sales of $173.92 Million” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/25/analysts-expect-cotiviti-holdings-inc-cotv-will-post-quarterly-sales-of-173-92-million.html.

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.

Get a free copy of the Zacks research report on Cotiviti Holdings (COTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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