$175.53 Million in Sales Expected for Cotiviti Holdings Inc (COTV) This Quarter

Brokerages expect Cotiviti Holdings Inc (NYSE:COTV) to post $175.53 million in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for Cotiviti’s earnings. The highest sales estimate is $181.21 million and the lowest is $169.30 million. Cotiviti posted sales of $160.13 million in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Cotiviti will report full year sales of $175.53 million for the current year, with estimates ranging from $750.00 million to $759.80 million. For the next year, analysts anticipate that the business will report sales of $831.03 million per share, with estimates ranging from $812.80 million to $849.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Cotiviti.

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Cotiviti (NYSE:COTV) last announced its earnings results on Wednesday, February 21st. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Cotiviti had a return on equity of 13.29% and a net margin of 20.36%. The business had revenue of $176.70 million during the quarter, compared to analysts’ expectations of $179.43 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year.

A number of equities analysts have commented on COTV shares. First Analysis cut Cotiviti from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $40.00 in a report on Friday, February 23rd. Zacks Investment Research raised Cotiviti from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Citigroup started coverage on Cotiviti in a report on Thursday, January 4th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.14.

Shares of Cotiviti stock opened at $33.72 on Friday. Cotiviti has a 12 month low of $30.84 and a 12 month high of $45.97. The company has a market cap of $3,178.39, a price-to-earnings ratio of 23.75, a PEG ratio of 1.57 and a beta of 0.82. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.68.

In related news, CEO J Douglas Williams sold 30,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $33.97, for a total value of $1,019,100.00. Following the completion of the sale, the chief executive officer now owns 2,766,660 shares of the company’s stock, valued at $93,983,440.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David Beaulieu sold 15,000 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the sale, the chief operating officer now directly owns 49,573 shares of the company’s stock, valued at approximately $1,735,055. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,000 shares of company stock valued at $6,398,950. Insiders own 15.80% of the company’s stock.

Several large investors have recently bought and sold shares of COTV. Tower Research Capital LLC TRC increased its stake in Cotiviti by 81.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,100 shares of the business services provider’s stock worth $132,000 after acquiring an additional 1,844 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Cotiviti by 1.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 203,428 shares of the business services provider’s stock worth $6,552,000 after acquiring an additional 2,440 shares during the last quarter. HBK Investments L P increased its stake in Cotiviti by 30.1% during the fourth quarter. HBK Investments L P now owns 11,027 shares of the business services provider’s stock worth $355,000 after acquiring an additional 2,554 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Cotiviti by 92.1% during the third quarter. Great West Life Assurance Co. Can now owns 5,570 shares of the business services provider’s stock worth $198,000 after acquiring an additional 2,670 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Cotiviti by 30.3% during the fourth quarter. LPL Financial LLC now owns 12,052 shares of the business services provider’s stock worth $388,000 after acquiring an additional 2,802 shares during the last quarter. 92.63% of the stock is owned by hedge funds and other institutional investors.

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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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