Wall Street analysts expect Cotiviti Holdings, Inc. (NYSE:COTV) to post sales of $179.26 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Cotiviti Holdings’ earnings, with estimates ranging from $176.80 million to $181.50 million. Cotiviti Holdings reported sales of $167.91 million in the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is expected to issue its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Cotiviti Holdings will report full year sales of $179.26 million for the current financial year, with estimates ranging from $678.70 million to $694.00 million. For the next year, analysts forecast that the business will post sales of $765.09 million per share, with estimates ranging from $753.20 million to $800.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Cotiviti Holdings.

Cotiviti Holdings (NYSE:COTV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate of $174.01 million. Cotiviti Holdings had a net margin of 13.86% and a return on equity of 13.61%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.

Several analysts have recently commented on COTV shares. BidaskClub downgraded shares of Cotiviti Holdings from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Zacks Investment Research downgraded shares of Cotiviti Holdings from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Jefferies Group LLC dropped their price objective on shares of Cotiviti Holdings from $41.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Cotiviti Holdings in a report on Friday, November 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Cotiviti Holdings in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Cotiviti Holdings currently has a consensus rating of “Hold” and an average price target of $41.29.

In other Cotiviti Holdings news, CEO J Douglas Williams sold 16,655 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $31.25, for a total transaction of $520,468.75. Following the completion of the transaction, the chief executive officer now directly owns 2,776,606 shares in the company, valued at $86,768,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Beaulieu sold 5,000 shares of the company’s 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 transaction, the chief operating officer now owns 43,133 shares of the company’s stock, valued at $1,509,655. The disclosure for this sale can be found here. Insiders have sold 121,731 shares of company stock worth $4,204,859 over the last three months. 15.80% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in 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 acquiring an additional 631,655 shares during the period. Vanguard Group Inc. raised its position in 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 acquiring an additional 382,020 shares during the period. JPMorgan Chase & Co. raised its position in Cotiviti Holdings by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 2,087,341 shares of the business services provider’s stock worth $74,414,000 after acquiring an additional 99,100 shares during the period. Eagle Asset Management Inc. raised its position in 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 acquiring an additional 176,870 shares during the period. Finally, Brown Advisory Inc. raised its position in Cotiviti Holdings by 63.1% during the third quarter. Brown Advisory Inc. now owns 1,351,344 shares of the business services provider’s stock worth $48,621,000 after acquiring an additional 522,956 shares during the period. Institutional investors own 89.01% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/22/179-26-million-in-sales-expected-for-cotiviti-holdings-inc-cotv-this-quarter.html.

Shares of Cotiviti Holdings (COTV) opened at $31.74 on Wednesday. The company has a market cap of $2,871.74, a price-to-earnings ratio of 21.74, a PEG ratio of 1.76 and a beta of 0.90. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Cotiviti Holdings has a twelve month low of $29.19 and a twelve month high of $45.97.

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.

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

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.