J Douglas Williams Sells 16,655 Shares of Cotiviti Holdings, Inc. (COTV) Stock

Cotiviti Holdings, Inc. (NYSE:COTV) CEO J Douglas Williams sold 16,655 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $31.25, for a total transaction of $520,468.75. Following the sale, the chief executive officer now directly owns 2,776,606 shares of the company’s stock, valued at approximately $86,768,937.50. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, October 31st, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The shares were sold at an average price of $34.96, for a total transaction of $582,258.80.
  • On Monday, October 16th, J Douglas Williams sold 8,364 shares of Cotiviti Holdings stock. The shares were sold at an average price of $34.85, for a total transaction of $291,485.40.
  • On Tuesday, October 17th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The shares were sold at an average price of $34.90, for a total transaction of $581,259.50.
  • On Monday, September 25th, J Douglas Williams sold 8,364 shares of Cotiviti Holdings stock. The shares were sold at an average price of $34.84, for a total transaction of $291,401.76.
  • On Tuesday, September 26th, J Douglas Williams sold 16,728 shares of Cotiviti Holdings stock. The shares were sold at an average price of $34.95, for a total transaction of $584,643.60.
  • On Wednesday, September 13th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The shares were sold at an average price of $35.71, for a total transaction of $594,750.05.
  • On Wednesday, August 30th, J Douglas Williams sold 16,655 shares of Cotiviti Holdings stock. The shares were sold at an average price of $35.04, for a total transaction of $583,591.20.

Shares of Cotiviti Holdings, Inc. (COTV) opened at $31.74 on Wednesday. Cotiviti Holdings, Inc. has a one year low of $29.19 and a one year 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. The firm has a market cap of $2,871.74, a P/E ratio of 21.74, a PEG ratio of 1.76 and a beta of 0.90.

Cotiviti Holdings (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, beating the consensus estimate of $0.38 by $0.01. Cotiviti Holdings had a net margin of 13.86% and a return on equity of 13.61%. The business had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $174.01 million. During the same quarter 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 forecast that Cotiviti Holdings, Inc. will post 1.41 earnings per share for the current year.

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COTV has been the subject of several research reports. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cotiviti Holdings in a research note on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $45.00 price objective on shares of Cotiviti Holdings in a research note on Friday, November 10th. Zacks Investment Research raised shares of Cotiviti Holdings from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC dropped their price objective on shares of Cotiviti Holdings from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Finally, BidaskClub raised shares of Cotiviti Holdings 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, three have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $41.29.

Institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new stake in shares of Cotiviti Holdings in the 2nd quarter valued at approximately $107,000. BNP Paribas Arbitrage SA boosted its position in shares of Cotiviti Holdings by 553.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after purchasing an additional 2,657 shares during the period. Strategic Global Advisors LLC purchased a new position in shares of Cotiviti Holdings during the 3rd quarter worth approximately $200,000. Pacer Advisors Inc. boosted its position in shares of Cotiviti Holdings by 138.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock worth $210,000 after purchasing an additional 3,280 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Cotiviti Holdings during the 2nd quarter worth approximately $237,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Cotiviti Holdings Company 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.

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

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