Cotiviti Holdings Inc (NASDAQ:COTV) posted its quarterly earnings data on Tuesday. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01, Bloomberg Earnings reports. The firm had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $174.01 million. Cotiviti Holdings had a net margin of 12.58% and a return on equity of 8.55%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS.

Shares of Cotiviti Holdings (NASDAQ COTV) traded down 7.48% during midday trading on Wednesday, hitting $32.53. 655,232 shares of the stock traded hands. The company has a market capitalization of $3.00 billion and a price-to-earnings ratio of 40.01. Cotiviti Holdings has a 52 week low of $29.19 and a 52 week high of $45.97. The firm’s 50-day moving average is $35.19 and its 200 day moving average is $35.21.

In other news, major shareholder International Corp/Ma Advent sold 9,257,651 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $36.87, for a total value of $341,329,592.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Beaulieu sold 5,000 shares of the company’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 directly owns 43,133 shares of the company’s stock, valued at approximately $1,509,655. The disclosure for this sale can be found here. Insiders sold 10,130,095 shares of company stock valued at $373,377,330 in the last ninety days.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Cotiviti Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Leerink Swann assumed coverage on shares of Cotiviti Holdings in a research report on Tuesday, July 4th. They set an “outperform” rating and a $48.00 price target for the company. Mitsubishi UFJ Financial Group assumed coverage on shares of Cotiviti Holdings in a research report on Thursday, September 21st. They set an “overweight” rating and a $42.00 price target for the company. Finally, BidaskClub cut shares of Cotiviti Holdings from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.20.

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About Cotiviti Holdings

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.

Earnings History for Cotiviti Holdings (NASDAQ:COTV)

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