Cotiviti Holdings, Inc. (COTV) CEO J Douglas Williams Sells 30,000 Shares of Stock

Cotiviti Holdings, Inc. (NYSE:COTV) CEO J Douglas Williams sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $34.29, for a total value of $1,028,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

J Douglas Williams also recently made the following trade(s):

  • On Thursday, April 26th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $34.40, for a total value of $1,032,000.00.
  • On Thursday, April 12th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $34.18, for a total value of $1,025,400.00.
  • On Thursday, March 29th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $34.28, for a total value of $1,028,400.00.
  • On Friday, March 16th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $36.19, for a total value of $1,085,700.00.
  • On Wednesday, February 28th, J Douglas Williams sold 30,000 shares of Cotiviti stock. The stock was sold at an average price of $33.60, for a total value of $1,008,000.00.

NYSE COTV traded up $0.07 on Friday, reaching $34.36. The stock had a trading volume of 350,142 shares, compared to its average volume of 362,022. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.93 and a quick ratio of 2.93. Cotiviti Holdings, Inc. has a 1-year low of $30.84 and a 1-year high of $45.97. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.61 and a beta of 0.84.

Cotiviti (NYSE:COTV) last issued its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Cotiviti had a return on equity of 12.68% and a net margin of 22.39%. The firm had revenue of $219.03 million for the quarter, compared to analyst estimates of $176.15 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. equities analysts anticipate that Cotiviti Holdings, Inc. will post 1.67 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Balentine LLC acquired a new position in Cotiviti in the 4th quarter valued at $136,691,000. BlackRock Inc. grew its holdings in Cotiviti by 0.5% in the 4th quarter. BlackRock Inc. now owns 2,432,328 shares of the business services provider’s stock valued at $78,345,000 after buying an additional 12,664 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cotiviti by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,194,905 shares of the business services provider’s stock valued at $75,592,000 after buying an additional 66,877 shares in the last quarter. Brown Advisory Inc. grew its holdings in Cotiviti by 35.1% in the 4th quarter. Brown Advisory Inc. now owns 1,825,216 shares of the business services provider’s stock valued at $58,791,000 after buying an additional 473,872 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in Cotiviti by 1.9% in the 1st quarter. Eaton Vance Management now owns 1,539,496 shares of the business services provider’s stock valued at $53,020,000 after buying an additional 29,294 shares in the last quarter. 94.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on COTV shares. Zacks Investment Research lowered Cotiviti from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. JPMorgan Chase lowered Cotiviti from an “overweight” rating to a “hold” rating and set a $37.00 target price on the stock. in a report on Tuesday, April 24th. Finally, First Analysis lowered Cotiviti from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $48.00 to $40.00 in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Cotiviti has a consensus rating of “Hold” and a consensus target price of $40.44.

About Cotiviti

Cotiviti Holdings, Inc, through its subsidiaries, provides analytics-driven payment accuracy and spend management solutions primarily for the healthcare sector in the United States, Canada, the United Kingdom, and India. It operates through two segments, Healthcare, and Global Retail and Other. The company offers prospective claims accuracy solutions that enable healthcare clients identify and address claim discrepancies immediately following claim adjudication and before a claim is paid to a healthcare provider; and retrospective claims accuracy solutions that enable health insurers identify and resolve payment inaccuracies after a claim has been paid to a healthcare provider.

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

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