Shares of Cotiviti Holdings Inc (NASDAQ:COTV) have been assigned a consensus rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $41.20.

A number of analysts have recently weighed in on COTV shares. Zacks Investment Research cut shares of Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. BidaskClub upgraded shares of Cotiviti Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Leerink Swann started coverage on shares of Cotiviti Holdings in a research note on Tuesday, July 4th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Cotiviti Holdings in a research note on Thursday, September 21st. They issued an “overweight” rating and a $42.00 price objective for the company.

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Shares of Cotiviti Holdings (NASDAQ:COTV) opened at 35.10 on Thursday. The firm has a market capitalization of $3.24 billion and a price-to-earnings ratio of 43.17. Cotiviti Holdings has a 12-month low of $29.19 and a 12-month high of $45.97. The company’s 50-day moving average is $35.34 and its 200-day moving average is $35.34.

Cotiviti Holdings (NASDAQ:COTV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.36 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $167.60 million during the quarter, compared to analysts’ expectations of $167.47 million. During the same period in the previous year, the company earned $0.37 earnings per share. Cotiviti Holdings’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Cotiviti Holdings will post $1.54 earnings per share for the current fiscal year.

In related news, SVP Jonathan Olefson sold 5,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,149 shares in the company, valued at approximately $221,407. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder International Corp/Ma Advent sold 9,257,651 shares of the company’s stock in a transaction on 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. Insiders sold 10,105,149 shares of company stock valued at $372,670,423 over the last 90 days.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Cotiviti Holdings by 31.1% during the 2nd quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock valued at $98,972,000 after purchasing an additional 631,655 shares during the last quarter. Vanguard Group Inc. raised its stake in Cotiviti Holdings by 18.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock valued at $93,207,000 after purchasing an additional 382,020 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Cotiviti Holdings by 19.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,988,241 shares of the business services provider’s stock valued at $73,843,000 after purchasing an additional 320,715 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Cotiviti Holdings by 10.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,904,283 shares of the business services provider’s stock valued at $70,725,000 after purchasing an additional 176,870 shares during the last quarter. Finally, Morgan Stanley raised its stake in Cotiviti Holdings by 50.8% during the 1st quarter. Morgan Stanley now owns 1,386,907 shares of the business services provider’s stock valued at $57,737,000 after purchasing an additional 467,331 shares during 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.

Analyst Recommendations for Cotiviti Holdings (NASDAQ:COTV)

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