Citigroup started coverage on shares of Cotiviti (NYSE:COTV) in a report published on Thursday, January 4th, The Fly reports. The firm issued a buy rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird reaffirmed a buy rating and set a $44.00 price target on shares of Cotiviti in a research note on Friday, November 3rd. SunTrust Banks reissued a buy rating and issued a $45.00 price objective on shares of Cotiviti in a research note on Friday, November 10th. Deutsche Bank began coverage on shares of Cotiviti in a research note on Friday, December 8th. They issued a hold rating and a $34.00 price objective on the stock. Jefferies Group lowered their price objective on shares of Cotiviti from $41.00 to $35.00 and set a hold rating on the stock in a research note on Friday, November 3rd. Finally, BidaskClub raised shares of Cotiviti from a sell rating to a hold rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $41.14.

How to Become a New Pot Stock Millionaire

Cotiviti (NYSE:COTV) opened at $34.98 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44. Cotiviti has a 12-month low of $30.84 and a 12-month high of $45.97. The company has a market cap of $3,232.90, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43.

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

In related news, CEO J Douglas Williams sold 8,364 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $31.71, for a total value of $265,222.44. Following the transaction, the chief executive officer now owns 2,759,951 shares in the company, valued at $87,518,046.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Beaulieu sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the transaction, the chief operating officer now owns 49,573 shares in the company, valued at approximately $1,735,055. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,566 shares of company stock worth $5,864,814. Insiders own 15.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can acquired a new stake in Cotiviti in the second quarter valued at approximately $107,000. BNP Paribas Arbitrage SA grew its position in shares of Cotiviti by 553.5% during the second quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after buying an additional 2,657 shares in the last quarter. Strategic Global Advisors LLC acquired a new stake in shares of Cotiviti during the third quarter worth approximately $200,000. Pacer Advisors Inc. grew its position in shares of Cotiviti by 138.9% during the second quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock worth $210,000 after buying an additional 3,280 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Cotiviti by 34.5% during the second quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock worth $238,000 after buying an additional 1,645 shares in the last quarter. 85.95% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Marea Informative and is owned by of Marea Informative. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.mareainformativa.com/2018/01/30/citigroup-begins-coverage-on-cotiviti-cotv-updated-updated-updated.html.

About Cotiviti

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.

The Fly

Analyst Recommendations for Cotiviti (NYSE:COTV)

Receive News & Ratings for Cotiviti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti and related companies with MarketBeat.com's FREE daily email newsletter.