Cotiviti Holdings Inc (NASDAQ:COTV) CEO J Douglas Williams Sells 16,655 Shares

Cotiviti Holdings Inc (NASDAQ:COTV) CEO J Douglas Williams sold 16,655 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $40.76, for a total value of $678,857.80. Following the completion of the sale, the chief executive officer now directly owns 2,909,992 shares of the company’s stock, valued at $118,611,273.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, July 26th, J Douglas Williams sold 16,728 shares of Cotiviti Holdings stock. The shares were sold at an average price of $42.33, for a total value of $708,096.24.
  • On Wednesday, June 28th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The shares were sold at an average price of $38.19, for a total value of $636,054.45.
  • On Friday, June 16th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The stock was sold at an average price of $37.73, for a total value of $628,393.15.

Shares of Cotiviti Holdings Inc (NASDAQ COTV) traded up 0.59% on Friday, hitting $35.97. The stock had a trading volume of 808,306 shares. The stock has a 50 day moving average of $39.88 and a 200 day moving average of $38.71. The firm has a market cap of $3.32 billion and a price-to-earnings ratio of 44.24. Cotiviti Holdings Inc has a 12-month low of $27.68 and a 12-month high of $45.97.

Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Cotiviti Holdings had a return on equity of 11.30% and a net margin of 16.85%. The company had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $167.47 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities analysts predict that Cotiviti Holdings Inc will post $1.55 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in Cotiviti Holdings by 34.5% in 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. California Public Employees Retirement System raised its stake in Cotiviti Holdings by 24.4% in the second quarter. California Public Employees Retirement System now owns 56,000 shares of the business services provider’s stock worth $2,080,000 after buying an additional 11,000 shares in the last quarter. FMR LLC raised its stake in Cotiviti Holdings by 31.1% in the second quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock worth $98,972,000 after buying an additional 631,655 shares in the last quarter. Vanguard Group Inc. raised its stake in Cotiviti Holdings by 18.0% in the second quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock worth $93,207,000 after buying an additional 382,020 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Cotiviti Holdings by 74.7% in the second quarter. Northern Trust Corp now owns 336,721 shares of the business services provider’s stock worth $12,507,000 after buying an additional 143,997 shares in the last quarter.

A number of brokerages recently issued reports on COTV. Jefferies Group LLC decreased their price target on Cotiviti Holdings from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Zacks Investment Research lowered Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Finally, Leerink Swann began coverage on Cotiviti Holdings in a research note on Tuesday, July 4th. They set an “outperform” rating and a $48.00 price target for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Cotiviti Holdings currently has an average rating of “Buy” and an average target price of $38.13.

Cotiviti Holdings 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.

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