Cotiviti Holdings Inc (COTV) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in Cotiviti Holdings Inc (NYSE:COTV) by 65.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 504,768 shares of the business services provider’s stock after purchasing an additional 200,036 shares during the period. Wells Fargo & Company MN owned 0.55% of Cotiviti worth $18,162,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of COTV. Great West Life Assurance Co. Can bought a new stake in Cotiviti in the second quarter worth $107,000. BNP Paribas Arbitrage SA boosted its holdings in Cotiviti by 553.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock worth $117,000 after acquiring an additional 2,657 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Cotiviti by 138.9% in the second quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock worth $210,000 after acquiring an additional 3,280 shares in the last quarter. Koch Industries Inc. bought a new stake in Cotiviti in the second quarter worth $237,000. Finally, Quantbot Technologies LP lifted its holdings 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 valued at $238,000 after purchasing an additional 1,645 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Cotiviti Holdings Inc (COTV) traded up $0.37 during mid-day trading on Thursday, reaching $34.31. The company’s stock had a trading volume of 310,236 shares, compared to its average volume of 422,967. Cotiviti Holdings Inc 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 quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $3,140.00 and a P/E ratio of 35.01.

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

In related news, CEO J Douglas Williams sold 16,655 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.96, for a total transaction of $582,258.80. Following the completion of the sale, the chief executive officer now owns 2,793,261 shares in the company, valued at $97,652,404.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Beaulieu sold 5,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the chief operating officer now owns 43,133 shares of the company’s stock, valued at approximately $1,509,655. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,240 shares of company stock valued at $4,906,718. Company insiders own 15.80% of the company’s stock.

A number of brokerages have recently issued reports on COTV. BidaskClub raised Cotiviti from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Mitsubishi UFJ Financial Group began coverage on Cotiviti in a report on Thursday, September 21st. They set an “overweight” rating and a $42.00 price target on the stock. Citigroup began coverage on Cotiviti in a report on Thursday, January 4th. They set a “buy” rating on the stock. Zacks Investment Research downgraded Cotiviti from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price target on shares of Cotiviti in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Cotiviti presently has a consensus rating of “Hold” and an average price target of $40.38.

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Cotiviti 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.

Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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