Cotiviti (COTV) to Release Earnings on Tuesday

Cotiviti (NYSE:COTV) will be releasing its earnings data after the market closes on Tuesday, February 20th. Analysts expect Cotiviti to post earnings of $0.43 per share for the quarter.

Cotiviti (COTV) opened at $32.32 on Tuesday. 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 has a one year low of $30.84 and a one year high of $45.97. The company has a market cap of $2,986.28, a PE ratio of 33.32, a P/E/G ratio of 1.65 and a beta of 0.65.

Several research firms recently commented on COTV. Citigroup began coverage on shares of Cotiviti in a research note on Thursday, January 4th. They issued a “buy” rating on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cotiviti in a research report on Friday, November 3rd. Deutsche Bank assumed coverage on shares of Cotiviti in a research report on Friday, December 8th. They set a “hold” rating and a $34.00 price objective for the company. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price objective on shares of Cotiviti in a research report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Cotiviti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.14.

In related news, COO David Beaulieu sold 15,000 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the sale, the chief operating officer now owns 49,573 shares of the company’s stock, valued at $1,735,055. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Douglas Williams sold 31,547 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $31.98, for a total transaction of $1,008,873.06. Following the sale, the chief executive officer now directly owns 2,768,207 shares of the company’s stock, valued at approximately $88,527,259.86. The disclosure for this sale can be found here. Insiders have sold 176,566 shares of company stock valued at $5,864,814 in the last ninety days. 15.80% of the stock is currently owned by company insiders.

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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.

Earnings History for Cotiviti (NYSE:COTV)

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