California Public Employees Retirement System purchased a new position in Cotiviti Holdings Inc (NASDAQ:COTV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,056,000. California Public Employees Retirement System owned approximately 0.06% of Cotiviti Holdings at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in COTV. Monashee Investment Management LLC purchased a new position in shares of Cotiviti Holdings during the second quarter worth approximately $731,000. California State Teachers Retirement System purchased a new position in shares of Cotiviti Holdings during the second quarter worth approximately $560,000. Ngam Advisors L.P. bought a new position in shares of Cotiviti Holdings during the second quarter valued at about $3,203,000. Bank of New York Mellon Corp bought a new position in shares of Cotiviti Holdings during the second quarter valued at about $505,000. Finally, American Century Companies Inc. bought a new position in shares of Cotiviti Holdings during the second quarter valued at about $7,109,000.
Cotiviti Holdings Inc (NASDAQ:COTV) traded down 0.62% during trading on Monday, reaching $33.44. The company’s stock had a trading volume of 37,070 shares. The company has a 50-day moving average of $32.56 and a 200 day moving average of $26.35. The firm has a market cap of $3.02 billion and a PE ratio of 125.71. Cotiviti Holdings Inc has a one year low of $17.00 and a one year high of $35.54.
Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. The company earned $158.30 million during the quarter, compared to the consensus estimate of $146.68 million. Cotiviti Holdings’s quarterly revenue was up 18.8% compared to the same quarter last year. Analysts expect that Cotiviti Holdings Inc will post $1.30 EPS for the current fiscal year.
Several research analysts recently issued reports on the company. Citigroup Inc. assumed coverage on Cotiviti Holdings in a research report on Monday, June 20th. They set a “neutral” rating for the company. Barclays PLC increased their price target on Cotiviti Holdings from $22.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. started coverage on Cotiviti Holdings in a research note on Monday, June 20th. They issued an “overweight” rating for the company. First Analysis started coverage on Cotiviti Holdings in a research note on Monday, October 10th. They issued an “overweight” rating for the company. Finally, SunTrust Banks Inc. set a $33.00 target price on Cotiviti Holdings and gave the company a “buy” rating in a research note on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.25.
Cotiviti Holdings Company Profile
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Company operates in two segments: Healthcare, and Global Retail and Other.
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