Analysts forecast that Cotiviti Holdings Inc (NASDAQ:COTV) will post earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Cotiviti Holdings’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.37. Cotiviti Holdings posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Cotiviti Holdings will report full-year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.52 to $1.57. For the next fiscal year, analysts anticipate that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.62 to $1.76. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Cotiviti Holdings.

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

A number of equities analysts 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 report on Monday, July 10th. Mitsubishi UFJ Financial Group assumed coverage on shares of Cotiviti Holdings in a research report on Thursday, September 21st. They issued an “overweight” rating and a $42.00 price target for the company. BidaskClub raised shares of Cotiviti Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Leerink Swann assumed coverage on shares of Cotiviti Holdings in a research report on Tuesday, July 4th. They issued an “outperform” rating and a $48.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.20.

Shares of Cotiviti Holdings (COTV) opened at 34.84 on Tuesday. The company has a 50 day moving average price of $35.21 and a 200-day moving average price of $35.21. Cotiviti Holdings has a one year low of $29.19 and a one year high of $45.97. The stock has a market cap of $3.21 billion and a price-to-earnings ratio of 42.85.

In other news, major shareholder International Corp/Ma Advent sold 9,257,651 shares of Cotiviti Holdings 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Beaulieu sold 5,000 shares of Cotiviti Holdings stock in a transaction on 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 of the company’s stock, valued at $1,509,655. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,113,440 shares of company stock valued at $372,795,071.

A number of large investors have recently made changes to their positions in COTV. Great West Life Assurance Co. Can acquired a new stake in Cotiviti Holdings during the 2nd quarter worth $107,000. BNP Paribas Arbitrage SA raised its stake in Cotiviti Holdings by 553.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after acquiring an additional 2,657 shares in the last quarter. Pacer Advisors Inc. raised its stake in Cotiviti Holdings by 138.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock worth $210,000 after acquiring an additional 3,280 shares in the last quarter. Koch Industries Inc. acquired a new stake in Cotiviti Holdings during the 2nd quarter worth $237,000. Finally, Quantbot Technologies LP raised its stake in Cotiviti Holdings by 34.5% during the 2nd quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock worth $238,000 after acquiring an additional 1,645 shares in the last quarter.

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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.

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

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