Cotiviti Holdings Inc (NASDAQ:COTV) announced its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.05. The firm earned $156.20 million during the quarter, compared to analyst estimates of $151.40 million. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year.

Cotiviti Holdings (NASDAQ:COTV) opened at 32.39 on Friday. The stock’s 50 day moving average price is $32.83 and its 200 day moving average price is $27.35. Cotiviti Holdings has a 12-month low of $17.00 and a 12-month high of $36.44. The company has a market cap of $2.92 billion and a PE ratio of 121.77.

Several hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Cotiviti Holdings during the second quarter worth about $33,410,000. Eagle Asset Management Inc. purchased a new position in shares of Cotiviti Holdings during the second quarter worth about $27,976,000. JPMorgan Chase & Co. boosted its position in shares of 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 last quarter. Deerfield Management Co. purchased a new position in shares of Cotiviti Holdings during the second quarter worth about $19,019,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Cotiviti Holdings during the second quarter worth about $13,525,000.

A number of analysts recently commented on COTV shares. SunTrust Banks Inc. set a $33.00 price objective on Cotiviti Holdings and gave the stock a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research upgraded Cotiviti Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, October 19th. Citigroup Inc. lifted their price objective on Cotiviti Holdings from $21.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. assumed coverage on Cotiviti Holdings in a research report on Friday, October 28th. They issued an “overweight” rating for the company. Finally, Barclays PLC raised their target price on Cotiviti Holdings from $22.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.63.

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’s integrated solutions help clients manage payment accuracy in healthcare environment. The Company operates in two segments: Healthcare, and Global Retail and Other.

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