Healthways, Inc. (NASDAQ:TVTY) – Investment analysts at Cantor Fitzgerald boosted their FY2017 EPS estimates for Healthways in a research note issued to investors on Monday. Cantor Fitzgerald analyst S. Halper now anticipates that the company will earn $1.60 per share for the year, up from their prior estimate of $1.54. Cantor Fitzgerald also issued estimates for Healthways’ FY2018 earnings at $1.75 EPS.
Healthways (NASDAQ:TVTY) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Healthways had a net margin of 11.45% and a return on equity of 30.23%. The firm had revenue of $137.70 million during the quarter, compared to analyst estimates of $137.95 million. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year.
A number of other analysts have also issued reports on TVTY. Barrington Research increased their price target on shares of Healthways from $35.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Chardan Capital initiated coverage on shares of Healthways in a research report on Tuesday, August 29th. They issued a “neutral” rating and a $40.00 price target for the company. ValuEngine raised shares of Healthways from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $46.00 price target on shares of Healthways in a research report on Monday, September 25th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Healthways presently has a consensus rating of “Buy” and an average price target of $46.38.
In other news, insider Mary Flipse sold 1,340 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $37.32, for a total value of $50,008.80. Following the completion of the sale, the insider now directly owns 75,187 shares of the company’s stock, valued at $2,805,978.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Glenn Hargreaves sold 23,448 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $37.78, for a total transaction of $885,865.44. Following the completion of the sale, the insider now directly owns 62,211 shares of the company’s stock, valued at $2,350,331.58. The disclosure for this sale can be found here. Insiders sold 74,858 shares of company stock valued at $2,847,017 over the last three months. 8.42% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. United Services Automobile Association purchased a new stake in shares of Healthways in the first quarter worth approximately $377,000. Dimensional Fund Advisors LP bought a new position in Healthways during the first quarter valued at approximately $70,660,000. Credit Suisse AG bought a new position in Healthways during the first quarter valued at approximately $1,395,000. California Public Employees Retirement System bought a new position in Healthways during the first quarter valued at approximately $247,000. Finally, Vanguard Group Inc. bought a new position in Healthways during the first quarter valued at approximately $135,544,000.
Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.
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