Cotiviti Holdings Inc (NYSE:COTV) has earned an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.38.

Several analysts have commented on the company. BidaskClub raised Cotiviti from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Citigroup assumed coverage on Cotiviti in a report on Thursday, January 4th. They issued a “buy” rating on the stock. Zacks Investment Research lowered Cotiviti from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. Robert W. Baird reissued a “buy” rating and issued a $44.00 price objective on shares of Cotiviti in a report on Friday, November 3rd. Finally, Deutsche Bank assumed coverage on Cotiviti in a report on Friday, December 8th. They issued a “hold” rating and a $34.00 price objective on the stock.

In other news, SVP Jonathan Olefson sold 15,000 shares of Cotiviti stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $32.37, for a total value of $485,550.00. Following the sale, the senior vice president now directly owns 15,149 shares of the company’s stock, valued at $490,373.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Douglas Williams sold 8,364 shares of Cotiviti stock in a transaction that occurred 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 in the company, valued at $87,518,046.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,221 shares of company stock worth $4,878,073. 15.80% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of COTV. Stifel Financial Corp lifted its position in Cotiviti by 0.6% during the second quarter. Stifel Financial Corp now owns 115,119 shares of the business services provider’s stock worth $4,274,000 after buying an additional 677 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Cotiviti by 1.9% during the second quarter. PNC Financial Services Group Inc. now owns 61,753 shares of the business services provider’s stock worth $2,294,000 after buying an additional 1,145 shares in the last quarter. Quantbot Technologies LP lifted its position in Cotiviti by 34.5% during the second quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock worth $238,000 after buying an additional 1,645 shares in the last quarter. Tygh Capital Management Inc. lifted its position in Cotiviti by 2.1% during the third quarter. Tygh Capital Management Inc. now owns 126,160 shares of the business services provider’s stock worth $4,539,000 after buying an additional 2,562 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Cotiviti by 553.5% during the second quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after buying an additional 2,657 shares in the last quarter. 86.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cotiviti (NYSE:COTV) opened at $35.07 on Friday. The company has a market capitalization of $3,240.00 and a PE ratio of 35.79. Cotiviti has a 1-year low of $30.84 and a 1-year high of $45.97. 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 issued 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. 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 analyst estimates of $174.01 million. During the same period last year, the company earned $0.36 earnings per share. Cotiviti’s quarterly revenue was up 11.5% compared to the same quarter last year. analysts predict that Cotiviti will post 1.41 EPS for the current year.

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About Cotiviti

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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