Cotiviti Holdings Inc (COTV) Given Average Rating of “Hold” by Analysts

Cotiviti Holdings Inc (NYSE:COTV) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $41.14.

COTV has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Cotiviti from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Deutsche Bank initiated coverage on shares of Cotiviti in a research note on Friday, December 8th. They issued a “hold” rating and a $34.00 price objective for the company. SunTrust Banks reissued a “buy” rating and issued a $45.00 price objective on shares of Cotiviti in a research note on Friday, November 10th. BidaskClub downgraded shares of Cotiviti from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Citigroup initiated coverage on shares of Cotiviti in a research note on Thursday, January 4th. They issued a “buy” rating for the company.

Shares of Cotiviti (COTV) opened at $32.31 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44. Cotiviti has a 12 month low of $30.84 and a 12 month high of $45.97. The firm has a market cap of $2,986.28, a P/E ratio of 33.31, a PEG ratio of 1.65 and a beta of 0.65.

In other news, CEO J Douglas Williams sold 16,655 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $31.25, for a total transaction of $520,468.75. Following the transaction, the chief executive officer now directly owns 2,776,606 shares of the company’s stock, valued at $86,768,937.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Olefson sold 15,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 15,149 shares in the company, valued at $490,373.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,566 shares of company stock worth $5,864,814. Insiders own 15.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Cotiviti by 81.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,100 shares of the business services provider’s stock valued at $132,000 after buying an additional 1,844 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Cotiviti by 92.1% during the third quarter. Great West Life Assurance Co. Can now owns 5,570 shares of the business services provider’s stock valued at $198,000 after buying an additional 2,670 shares during the last quarter. Strategic Global Advisors LLC purchased a new stake in shares of Cotiviti during the third quarter valued at $200,000. Koch Industries Inc. purchased a new stake in shares of Cotiviti during the second quarter valued at $237,000. Finally, First Quadrant L P CA purchased a new stake in shares of Cotiviti during the fourth quarter valued at $254,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

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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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