$0.43 Earnings Per Share Expected for Cotiviti Holdings Inc (COTV) This Quarter

Equities analysts expect Cotiviti Holdings Inc (NYSE:COTV) to report $0.43 earnings per share for the current quarter, according to Zacks. Eight analysts have provided estimates for Cotiviti’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. Cotiviti posted earnings of $0.39 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that Cotiviti will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.53 to $1.54. For the next fiscal year, analysts anticipate that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.62 to $1.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Cotiviti.

Cotiviti (NYSE:COTV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $174.20 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share.

Several research firms have recently issued reports on COTV. Citigroup began coverage on Cotiviti in a research report on Thursday, January 4th. They set a “buy” rating for the company. Jefferies Group decreased their target price on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research lowered Cotiviti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. BidaskClub lowered Cotiviti from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Robert W. Baird restated a “buy” rating and set a $44.00 target price on shares of Cotiviti in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Cotiviti presently has a consensus rating of “Hold” and a consensus price target of $40.38.

Cotiviti (NYSE:COTV) traded up $0.37 during trading on Thursday, hitting $34.31. The stock had a trading volume of 310,236 shares, compared to its average volume of 422,967. The firm has a market cap of $3,140.00 and a price-to-earnings ratio of 35.01. Cotiviti has a 52 week low of $30.84 and a 52 week high of $45.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44.

In related news, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $34.90, for a total value of $581,259.50. Following the completion of the transaction, the chief executive officer now directly owns 2,809,916 shares in the company, valued at approximately $98,066,068.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Beaulieu sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the transaction, the chief operating officer now owns 43,133 shares of the company’s stock, valued at $1,509,655. The disclosure for this sale can be found here. Insiders sold a total of 148,240 shares of company stock valued at $4,906,718 over the last quarter. 15.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of COTV. Great West Life Assurance Co. Can acquired a new position in shares of Cotiviti in the 2nd quarter valued at approximately $107,000. BNP Paribas Arbitrage SA lifted its stake in Cotiviti by 553.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 2,657 shares in the last quarter. Strategic Global Advisors LLC bought a new stake in Cotiviti in the 3rd quarter valued at approximately $200,000. Pacer Advisors Inc. lifted its stake in Cotiviti by 138.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 3,280 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in Cotiviti in the 2nd quarter valued at approximately $237,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

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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.

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