Cotiviti Holdings Inc (NASDAQ:COTV) has been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $41.20.

Several analysts recently issued reports on COTV shares. Zacks Investment Research lowered shares of Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Leerink Swann started coverage on shares of Cotiviti Holdings in a research report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 price target on the stock.

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Cotiviti Holdings (NASDAQ COTV) opened at 34.53 on Friday. The stock has a 50 day moving average price of $35.43 and a 200 day moving average price of $36.56. Cotiviti Holdings has a one year low of $29.09 and a one year high of $41.38. The firm has a market capitalization of $3.18 billion and a P/E ratio of 42.47.

Cotiviti Holdings (NASDAQ:COTV) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $167.60 million for the quarter, compared to analyst estimates of $167.47 million. Cotiviti Holdings had a net margin of 12.58% and a return on equity of 8.55%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, equities analysts predict that Cotiviti Holdings will post $1.54 EPS for the current fiscal year.

In other Cotiviti Holdings news, SVP Jonathan Olefson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the senior vice president now owns 5,149 shares in the company, valued at $221,407. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Douglas Williams sold 16,655 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $38.19, for a total transaction of $636,054.45. Following the completion of the sale, the chief executive officer now owns 2,930,747 shares in the company, valued at approximately $111,925,227.93. The disclosure for this sale can be found here. Insiders sold 10,113,367 shares of company stock worth $373,109,290 in the last 90 days.

Hedge funds have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new position in shares of Cotiviti Holdings during the first quarter valued at $593,000. Credit Suisse AG raised its stake in shares of Cotiviti Holdings by 29.8% during the first quarter. Credit Suisse AG now owns 15,063 shares of the business services provider’s stock valued at $627,000 after acquiring an additional 3,460 shares during the last quarter. Morgan Stanley raised its stake in shares of Cotiviti Holdings by 50.8% during the first quarter. Morgan Stanley now owns 1,386,907 shares of the business services provider’s stock valued at $57,737,000 after acquiring an additional 467,331 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cotiviti Holdings by 141.8% during 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 acquiring an additional 148,294 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Cotiviti Holdings during the second quarter valued at $271,000.

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.

Analyst Recommendations for Cotiviti Holdings (NASDAQ:COTV)

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