Cotiviti Holdings Inc (NASDAQ:COTV) had its target price decreased by Jefferies Group LLC from $41.00 to $35.00 in a research report report published on Friday morning. Jefferies Group LLC currently has a hold rating on the business services provider’s stock.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Cotiviti Holdings from a sell rating to a hold rating in a report on Monday, August 7th. BidaskClub upgraded shares of Cotiviti Holdings from a sell rating to a hold rating in a report on Tuesday, September 26th. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Cotiviti Holdings in a report on Thursday, September 21st. They issued an overweight rating and a $42.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $40.67.
Shares of Cotiviti Holdings (NASDAQ COTV) remained flat at $$31.54 during trading on Friday. The company had a trading volume of 288,908 shares, compared to its average volume of 326,788. Cotiviti Holdings has a 52-week low of $29.19 and a 52-week high of $45.97.
Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $174.01 million. Cotiviti Holdings had a net margin of 11.18% and a return on equity of 7.68%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share.
COPYRIGHT VIOLATION WARNING: “Jefferies Group LLC Trims Cotiviti Holdings Inc (COTV) Target Price to $35.00” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/11/06/jefferies-group-llc-trims-cotiviti-holdings-inc-cotv-target-price-to-35-00.html.
In other Cotiviti Holdings news, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.96, for a total value of $582,258.80. Following the completion of the transaction, the chief executive officer now owns 2,793,261 shares of the company’s stock, valued at approximately $97,652,404.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David Beaulieu sold 5,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the transaction, the chief operating officer now directly owns 43,133 shares of the company’s stock, valued at approximately $1,509,655. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,130,095 shares of company stock valued at $373,377,330.
Institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can bought a new stake in shares of Cotiviti Holdings during the 2nd quarter valued at about $107,000. BNP Paribas Arbitrage SA grew its stake in shares of Cotiviti Holdings by 553.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,657 shares during the period. Pacer Advisors Inc. grew its stake in shares of Cotiviti Holdings by 138.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 3,280 shares during the period. Quantbot Technologies LP grew its stake in shares of Cotiviti Holdings by 34.5% during the 2nd quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 1,645 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Cotiviti Holdings by 237.7% during the 2nd quarter. Legal & General Group Plc now owns 6,716 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 4,727 shares during the period.
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.
What are top analysts saying about Cotiviti Holdings Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cotiviti Holdings Inc and related companies.