Cotiviti Holdings Inc (NYSE:COTV) CEO J Douglas Williams sold 31,547 shares of Cotiviti stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $31.98, for a total value of $1,008,873.06. Following the completion of the transaction, the chief executive officer now directly owns 2,768,207 shares of the company’s stock, valued at $88,527,259.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J Douglas Williams also recently made the following trade(s):

  • On Tuesday, November 28th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The stock was sold at an average price of $31.71, for a total value of $265,222.44.
  • On Thursday, November 16th, J Douglas Williams sold 16,655 shares of Cotiviti stock. The stock was sold at an average price of $31.25, for a total value of $520,468.75.
  • On Tuesday, October 31st, J Douglas Williams sold 16,655 shares of Cotiviti stock. The stock was sold at an average price of $34.96, for a total value of $582,258.80.
  • On Monday, October 16th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The stock was sold at an average price of $34.85, for a total value of $291,485.40.
  • On Tuesday, October 17th, J Douglas Williams sold 16,655 shares of Cotiviti stock. The stock was sold at an average price of $34.90, for a total value of $581,259.50.
  • On Monday, September 25th, J Douglas Williams sold 8,364 shares of Cotiviti stock. The stock was sold at an average price of $34.84, for a total value of $291,401.76.
  • On Tuesday, September 26th, J Douglas Williams sold 16,728 shares of Cotiviti stock. The stock was sold at an average price of $34.95, for a total value of $584,643.60.

Shares of Cotiviti Holdings Inc (NYSE COTV) traded up $0.08 during trading on Thursday, hitting $31.87. The stock had a trading volume of 217,800 shares, compared to its average volume of 401,741. Cotiviti Holdings Inc has a one year low of $30.84 and a one year high of $45.97. The company has a market cap of $2,936.40, a PE ratio of 22.23, a P/E/G ratio of 1.80 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73.

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

Several equities analysts have recently issued reports on the company. Mitsubishi UFJ Financial Group assumed coverage on Cotiviti in a research report on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price for the company. BidaskClub upgraded Cotiviti from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and issued a $44.00 price objective on shares of Cotiviti in a research report on Friday, November 3rd. Deutsche Bank assumed coverage on Cotiviti in a research report on Friday, December 8th. They issued a “hold” rating and a $34.00 price objective for the company. Finally, SunTrust Banks reiterated a “buy” rating and issued a $45.00 price objective on shares of Cotiviti in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Cotiviti has an average rating of “Hold” and a consensus target price of $40.38.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can bought a new stake in Cotiviti in the 2nd quarter valued at $107,000. BNP Paribas Arbitrage SA raised its stake in Cotiviti by 553.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 2,657 shares during the period. Strategic Global Advisors LLC bought a new stake in Cotiviti in the 3rd quarter valued at $200,000. Pacer Advisors Inc. raised its stake in Cotiviti by 138.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 3,280 shares during the period. Finally, Quantbot Technologies LP raised its stake in Cotiviti by 34.5% in the 2nd quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 1,645 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/12/14/cotiviti-holdings-inc-cotv-ceo-j-douglas-williams-sells-31547-shares.html.

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.

Insider Buying and Selling by Quarter for Cotiviti (NYSE:COTV)

Receive News & Ratings for Cotiviti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti and related companies with MarketBeat.com's FREE daily email newsletter.