Cotiviti Holdings Inc (NASDAQ:COTV) Director Douglas Present sold 50,000 shares of Cotiviti Holdings stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $34.16, for a total transaction of $1,708,000.00. Following the completion of the transaction, the director now directly owns 18,544 shares in the company, valued at approximately $633,463.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Cotiviti Holdings Inc (NASDAQ:COTV) traded up 1.16% during trading on Wednesday, reaching $34.93. 191,075 shares of the company were exchanged. The company has a 50 day moving average price of $33.79 and a 200-day moving average price of $30.90. The stock has a market capitalization of $3.15 billion and a price-to-earnings ratio of 89.56. Cotiviti Holdings Inc has a one year low of $17.00 and a one year high of $36.44.
Cotiviti Holdings (NASDAQ:COTV) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The business earned $156.20 million during the quarter, compared to analyst estimates of $151.40 million. The company’s revenue was up 14.1% on a year-over-year basis. Equities analysts predict that Cotiviti Holdings Inc will post $1.35 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in COTV. JPMorgan Chase & Co. increased its position in Cotiviti Holdings by 31.3% in the third quarter. JPMorgan Chase & Co. now owns 1,108,517 shares of the company’s stock worth $37,169,000 after buying an additional 264,118 shares during the period. Cohen Capital Management Inc. increased its position in Cotiviti Holdings by 10.3% in the third quarter. Cohen Capital Management Inc. now owns 157,411 shares of the company’s stock worth $5,278,000 after buying an additional 14,646 shares during the period. California Public Employees Retirement System purchased a new position in Cotiviti Holdings during the second quarter worth $1,056,000. Peregrine Capital Management LLC purchased a new position in Cotiviti Holdings during the third quarter worth $10,314,000. Finally, Bank of New York Mellon Corp purchased a new position in Cotiviti Holdings during the second quarter worth $505,000.
A number of equities analysts have recently commented on COTV shares. J P Morgan Chase & Co started coverage on shares of Cotiviti Holdings in a research report on Friday, October 28th. They issued an “overweight” rating on the stock. Zacks Investment Research raised shares of Cotiviti Holdings from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, October 19th. Barclays PLC set a $36.00 price target on shares of Cotiviti Holdings and gave the company a “buy” rating in a research report on Thursday, November 10th. Finally, First Analysis started coverage on shares of Cotiviti Holdings in a research report on Monday, October 10th. They issued an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.25.
About Cotiviti Holdings
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused 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.