Cotiviti Holdings Inc (NASDAQ:COTV) Director Elizabeth Connolly Alexander sold 742,349 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $37.00, for a total transaction of $27,466,913.00. Following the sale, the director now owns 1,614,413 shares in the company, valued at $59,733,281. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Cotiviti Holdings Inc (NASDAQ COTV) opened at 36.15 on Wednesday. The company has a market capitalization of $3.33 billion and a P/E ratio of 44.46. Cotiviti Holdings Inc has a one year low of $27.68 and a one year high of $45.97. The firm has a 50-day moving average of $39.70 and a 200-day moving average of $38.84.

Cotiviti Holdings (NASDAQ:COTV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Cotiviti Holdings had a net margin of 12.58% and a return on equity of 8.55%. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $167.47 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts forecast that Cotiviti Holdings Inc will post $1.55 earnings per share for the current year.

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Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Cotiviti Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC decreased their price objective on shares of Cotiviti Holdings from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Thursday, May 4th. Finally, Leerink Swann assumed coverage on shares of Cotiviti Holdings in a research report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 price objective on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cotiviti Holdings presently has a consensus rating of “Buy” and an average price target of $40.50.

A number of hedge funds have recently made changes to their positions in the company. BlueCrest Capital Management Ltd bought a new position in Cotiviti Holdings during the first quarter valued at about $593,000. Morgan Stanley increased its position in Cotiviti Holdings by 50.8% in the first quarter. Morgan Stanley now owns 1,386,907 shares of the business services provider’s stock valued at $57,737,000 after buying an additional 467,331 shares during the last quarter. Geode Capital Management LLC increased its position in Cotiviti Holdings by 141.8% in the first quarter. Geode Capital Management LLC now owns 252,859 shares of the business services provider’s stock valued at $10,526,000 after buying an additional 148,294 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Cotiviti Holdings during the first quarter valued at about $5,094,000. Finally, American Century Companies Inc. increased its position in Cotiviti Holdings by 11.0% in the first quarter. American Century Companies Inc. now owns 212,536 shares of the business services provider’s stock valued at $8,848,000 after buying an additional 21,115 shares during the last quarter.

About Cotiviti Holdings

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.

Insider Buying and Selling by Quarter for Cotiviti Holdings (NASDAQ:COTV)

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