Cotiviti Holdings Inc (NASDAQ:COTV)‘s stock had its “buy” rating reissued by equities researchers at Robert W. Baird in a research report issued on Friday. They currently have a $44.00 target price on the business services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 39.51% from the company’s previous close.

COTV has been the subject of a number of other reports. Zacks Investment Research downgraded 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 initiated coverage on shares of Cotiviti Holdings in a research report on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price for the company. BidaskClub downgraded shares of Cotiviti Holdings from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Jefferies Group LLC decreased their target price on shares of Cotiviti Holdings from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Cotiviti Holdings currently has an average rating of “Hold” and an average target price of $40.67.

Shares of Cotiviti Holdings (COTV) traded down $1.05 during mid-day trading on Friday, reaching $31.54. The company’s stock had a trading volume of 866,388 shares.

Cotiviti Holdings (NASDAQ:COTV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $174.20 million during the quarter, compared to the consensus estimate of $174.01 million. Cotiviti Holdings had a net margin of 11.18% and a return on equity of 7.68%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share.

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In other news, Director Elizabeth Connolly Alexander sold 742,349 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $37.00, for a total transaction of $27,466,913.00. Following the completion of the sale, the director now owns 1,614,413 shares of the company’s stock, valued at $59,733,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder International Corp/Ma Advent sold 9,257,651 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was 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 10,130,095 shares of company stock valued at $373,377,330 in the last ninety days.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Cotiviti Holdings by 31.1% during the second quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock worth $98,972,000 after purchasing an additional 631,655 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cotiviti Holdings by 18.0% during the second quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock worth $93,207,000 after purchasing an additional 382,020 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cotiviti Holdings by 19.2% during the second quarter. JPMorgan Chase & Co. now owns 1,988,241 shares of the business services provider’s stock worth $73,843,000 after purchasing an additional 320,715 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Cotiviti Holdings by 10.2% during the second quarter. Eagle Asset Management Inc. now owns 1,904,283 shares of the business services provider’s stock worth $70,725,000 after purchasing an additional 176,870 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Cotiviti Holdings during the third quarter worth about $20,902,000.

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.

Analyst Recommendations for Cotiviti Holdings (NASDAQ:COTV)

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