Vaughan Nelson Investment Management L.P. trimmed its position in shares of Cotiviti Holdings Inc (NYSE:COTV) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 949,150 shares of the business services provider’s stock after selling 143,200 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Cotiviti were worth $30,572,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COTV. Schwab Charles Investment Management Inc. boosted its holdings in Cotiviti by 95.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 128,017 shares of the business services provider’s stock valued at $4,755,000 after purchasing an additional 62,477 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Cotiviti by 77.9% in the second quarter. Bank of New York Mellon Corp now owns 144,727 shares of the business services provider’s stock valued at $5,375,000 after purchasing an additional 63,381 shares in the last quarter. Legal & General Group Plc boosted its holdings in Cotiviti by 237.7% in the second 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 in the last quarter. Swiss National Bank acquired a new position in Cotiviti in the second quarter valued at approximately $1,686,000. Finally, Wells Fargo & Company MN boosted its holdings in Cotiviti by 282.1% in the second quarter. Wells Fargo & Company MN now owns 304,732 shares of the business services provider’s stock valued at $11,318,000 after purchasing an additional 224,975 shares in the last quarter. Hedge funds and other institutional investors own 85.95% of the company’s stock.

Shares of Cotiviti Holdings Inc (NYSE COTV) opened at $35.00 on Monday. The firm has a market capitalization of $3,232.90, a P/E ratio of 24.48, a PEG ratio of 1.78 and a beta of 0.43. Cotiviti Holdings Inc has a fifty-two week low of $30.84 and a fifty-two week high of $45.97. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Cotiviti (NYSE:COTV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business had revenue of $174.20 million during the quarter, compared to the consensus estimate of $174.01 million. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. sell-side analysts predict that Cotiviti Holdings Inc will post 1.41 EPS for the current fiscal year.

In related news, CEO J Douglas Williams sold 31,547 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $31.98, for a total transaction of $1,008,873.06. Following the completion of the sale, the chief executive officer now directly owns 2,768,207 shares of the company’s stock, valued at $88,527,259.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO David Beaulieu sold 15,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the sale, the chief operating officer now directly owns 49,573 shares of the company’s stock, valued at $1,735,055. The disclosure for this sale can be found here. Insiders sold 193,221 shares of company stock valued at $6,447,073 over the last three months. Corporate insiders own 15.80% of the company’s stock.

A number of equities analysts recently issued reports on the company. Citigroup assumed coverage on Cotiviti in a report on Thursday, January 4th. They issued a “buy” rating for the company. Zacks Investment Research downgraded Cotiviti from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $45.00 price target on shares of Cotiviti in a report on Friday, November 10th. Deutsche Bank assumed coverage on Cotiviti in a report on Friday, December 8th. They issued a “hold” rating and a $34.00 price target for the company. Finally, BidaskClub downgraded Cotiviti from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Cotiviti presently has a consensus rating of “Hold” and a consensus target price of $41.14.

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Cotiviti 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.

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Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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