Shares of Cotiviti Holdings, Inc. (NYSE:COTV) have earned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.29.

A number of equities analysts recently commented on the company. BidaskClub upgraded Cotiviti from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Cotiviti from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and set a $44.00 price objective on shares of Cotiviti in a research report on Friday, November 3rd. Mitsubishi UFJ Financial Group initiated coverage on Cotiviti in a research note on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price for the company. Finally, SunTrust Banks reissued a “buy” rating and set a $45.00 target price on shares of Cotiviti in a research note on Friday, November 10th.

In other news, CEO J Douglas Williams sold 8,364 shares of Cotiviti stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $31.71, for a total value of $265,222.44. Following the completion of the sale, the chief executive officer now directly owns 2,759,951 shares of the company’s stock, valued at $87,518,046.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Beaulieu sold 5,000 shares of Cotiviti stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of 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. In the last three months, insiders have sold 113,440 shares of company stock valued at $3,886,490. 15.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Credit Suisse AG grew its stake in shares of Cotiviti by 29.8% in the first quarter. Credit Suisse AG now owns 15,063 shares of the business services provider’s stock valued at $627,000 after buying an additional 3,460 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cotiviti by 19.2% during the 2nd 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. Gotham Asset Management LLC grew its stake in Cotiviti by 6.7% during the 2nd quarter. Gotham Asset Management LLC now owns 316,320 shares of the business services provider’s stock worth $11,748,000 after purchasing an additional 19,855 shares in the last quarter. Bessemer Group Inc. acquired a new position in Cotiviti during the 2nd quarter worth $271,000. Finally, Summit Creek Advisors LLC acquired a new position in Cotiviti during the 3rd quarter worth $7,504,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Cotiviti (COTV) opened at $32.68 on Friday. The firm has a market capitalization of $2,937.32, a P/E ratio of 22.24, a PEG ratio of 1.80 and a beta of 0.90. Cotiviti has a 1 year low of $29.74 and a 1 year high of $45.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44.

Cotiviti (NYSE:COTV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $174.01 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. sell-side analysts expect that Cotiviti will post 1.41 EPS for the current year.

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Cotiviti 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 (NYSE:COTV)

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