About Cotiviti Holdings (NYSE:COTV)
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. The Company also provides analytics-based solutions unrelated to its healthcare payment accuracy solutions in the United States. Through its Global Retail and Other segment, the Company provides retrospective claims accuracy solutions to retailers primarily in the United States, Canada and the United Kingdom, as well as solutions that manage payment networks for a range of clients. The Company leverages its technology platform, configurable analytics, information assets and expertise in healthcare reimbursement to help its clients develop their claims payment accuracy.
Industry, Sector and Symbol
Industry Medical Software & Technology Services
Trailing P/E Ratio22.2
Forward P/E Ratio22.56
Sales & Book Value
Annual Sales$625.16 million
Price / Sales4.70
Cash Flow$2.16 per share
Price / Cash14.71
Book Value$11.16 per share
Price / Book2.85
Net Income$48.85 million
Return on Equity13.61%
Return on Assets6.62%
Frequently Asked Questions for Cotiviti Holdings (NYSE:COTV)
What is Cotiviti Holdings' stock symbol?
Cotiviti Holdings trades on the New York Stock Exchange (NYSE) under the ticker symbol "COTV."
How were Cotiviti Holdings' earnings last quarter?
Cotiviti Holdings, Inc. (NYSE:COTV) released its earnings results on Tuesday, October, 31st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.01. The business services provider had revenue of $174.20 million for the quarter, compared to analyst estimates of $174.01 million. Cotiviti Holdings had a return on equity of 13.61% and a net margin of 13.86%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. View Cotiviti Holdings' Earnings History.
Where is Cotiviti Holdings' stock going? Where will Cotiviti Holdings' stock price be in 2017?
9 analysts have issued 12-month target prices for Cotiviti Holdings' shares. Their predictions range from $35.00 to $48.00. On average, they expect Cotiviti Holdings' share price to reach $41.29 in the next twelve months. View Analyst Ratings for Cotiviti Holdings.
Are investors shorting Cotiviti Holdings?
Cotiviti Holdings saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 664,560 shares, a decline of 34.2% from the October 13th total of 1,009,781 shares. Based on an average daily volume of 231,160 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.7% of the shares of the company are short sold.
Who are some of Cotiviti Holdings' key competitors?
Some companies that are related to Cotiviti Holdings include athenahealth (ATHN), HealthEquity (HQY), Allscripts Healthcare Solutions (MDRX), Press Ganey Holdings (PGND), Omnicell (OMCL), Evolent Health (EVH), Tabula Rasa Healthcare (TRHC), Emis Group Plc (EMIS), Castlight Health, inc. (CSLT), Craneware plc (CRW), NantHealth (NH), Simulations Plus (SLP), Fluidigm Corporation (FLDM), Complete Genomics (GNOM), Medical Transcription Billing, Corp. (MTBC), Constellation Healthcare Tech (CHT) and Greenway Health (GWAY).
Who are Cotiviti Holdings' key executives?
Cotiviti Holdings' management team includes the folowing people:
- David L. Swift, Independent Chairman of the Board (Age 58)
- J. Douglas Williams, Chief Executive Officer, Director (Age 55)
- Bradley A. Ferguson, Chief Financial Officer, Senior Vice President (Age 47)
- Adrienne Calderone, Interim Chief Financial Officer (Age 50)
- David Beaulieu, Chief Operating Officer, Senior Vice President (Age 60)
- Damien Creavin, Senior Vice President, Chief Information Officer (Age 61)
- Jonathan Olefson, Senior Vice President, General Counsel, Secretary (Age 41)
- Elizabeth Connolly Alexander, Director (Age 55)
- John L. Maldonado, Director (Age 41)
- Mala Anand, Independent Director (Age 49)
When did Cotiviti Holdings IPO?
(COTV) raised $225 million in an initial public offering on Thursday, May 26th 2016. The company issued 12,500,000 shares at a price of $17.00-$19.00 per share. Goldman Sachs and J.P. Morgan served as the underwriters for the IPO and Barclays, Citigroup, Credit Suisse, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey, Baird and William Blair were co-managers.
Who owns Cotiviti Holdings stock?
Cotiviti Holdings' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.26%), Eagle Asset Management Inc. (2.06%), Brown Advisory Inc. (1.46%), Vaughan Nelson Investment Management L.P. (1.19%), Kayne Anderson Rudnick Investment Management LLC (1.07%) and Victory Capital Management Inc. (0.63%). Company insiders that own Cotiviti Holdings stock include David Beaulieu, Douglas Present, Elizabeth Connolly Alexander, International Corp/Ma Advent, J Douglas Williams, James E Parisi, Jonathan Olefson and Lawrence Connolly. View Institutional Ownership Trends for Cotiviti Holdings.
Who sold Cotiviti Holdings stock? Who is selling Cotiviti Holdings stock?
Cotiviti Holdings' stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Stifel Financial Corp and First Trust Advisors LP. Company insiders that have sold Cotiviti Holdings company stock in the last year include David Beaulieu, Douglas Present, Elizabeth Connolly Alexander, International Corp/Ma Advent, J Douglas Williams, Jonathan Olefson and Lawrence Connolly. View Insider Buying and Selling for Cotiviti Holdings.
Who bought Cotiviti Holdings stock? Who is buying Cotiviti Holdings stock?
Cotiviti Holdings' stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Brown Advisory Inc., Kayne Anderson Rudnick Investment Management LLC, TimesSquare Capital Management LLC, Dimensional Fund Advisors LP, Northpointe Capital LLC, Summit Creek Advisors LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Cotiviti Holdings.
How do I buy Cotiviti Holdings stock?
Shares of Cotiviti Holdings can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cotiviti Holdings' stock price today?
One share of Cotiviti Holdings stock can currently be purchased for approximately $31.81.
How big of a company is Cotiviti Holdings?
Cotiviti Holdings has a market capitalization of $2.93 billion and generates $625.16 million in revenue each year. The business services provider earns $48.85 million in net income (profit) each year or $0.97 on an earnings per share basis. Cotiviti Holdings employs 3,000 workers across the globe.
How can I contact Cotiviti Holdings?
Cotiviti Holdings' mailing address is 115 Perimeter Center Place Suite 700, ATLANTA GA, 30346. The business services provider can be reached via phone at 770-379-2800 or via email at [email protected]
MarketBeat Community Rating for Cotiviti Holdings (COTV)MarketBeat's community ratings are surveys of what our community members think about Cotiviti Holdings and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Cotiviti Holdings (NYSE:COTV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 6 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$41.29 (29.79% upside)|
Consensus Price Target History for Cotiviti Holdings (NYSE:COTV)
Analysts' Ratings History for Cotiviti Holdings (NYSE:COTV)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/10/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$45.00||N/A|
|11/3/2017||Robert W. Baird||Reiterated Rating||Buy||$44.00||N/A|
|11/3/2017||Jefferies Group LLC||Lower Price Target||Hold||$41.00 -> $35.00||N/A|
|9/21/2017||Mitsubishi UFJ Financial Group||Initiated Coverage||Overweight||$42.00||Medium|
|7/4/2017||Leerink Swann||Initiated Coverage||Outperform||$48.00||Medium|
|3/10/2017||Barclays PLC||Boost Price Target||Overweight||$36.00 -> $40.00||Low|
|3/3/2017||Raymond James Financial, Inc.||Initiated Coverage||Mkt Perform||N/A|
|3/2/2017||Citigroup Inc.||Initiated Coverage||Market Perform||N/A|
|2/23/2017||William Blair||Reiterated Rating||Outperform||N/A|
|1/20/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$35.00||N/A|
|10/28/2016||J P Morgan Chase & Co||Reiterated Rating||Overweight||N/A|
|10/11/2016||First Analysis||Initiated Coverage||Overweight||$42.00||N/A|
|7/7/2016||Credit Suisse Group||Reiterated Rating||Buy||$25.00||N/A|
|6/20/2016||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||N/A|
|6/20/2016||Royal Bank Of Canada||Initiated Coverage||Outperform||$25.00||N/A|
Earnings History and Estimates Chart for Cotiviti Holdings (NYSE:COTV)
Earnings History by Quarter for Cotiviti Holdings (NYSE COTV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/31/2017||Q3 2017||$0.38||$0.39||$174.01 million||$174.20 million||View||N/A|
|8/1/2017||Q2 2017||$0.34||$0.36||$167.47 million||$167.60 million||View||Listen|
|2/22/2017||Q416||$0.34||$0.39||$161.40 million||$167.90 million||View||N/A|
|11/9/2016||Q316||$0.31||$0.24||$151.40 million||$156.20 million||View||Listen|
|8/9/2016||Q216||$0.30||$0.37||$146.68 million||$158.30 million||View||N/A|
Earnings Estimates for Cotiviti Holdings (NYSE:COTV)
Current Year EPS Consensus Estimate: $1.41 EPS
Next Year EPS Consensus Estimate: $1.58 EPS
Dividend History for Cotiviti Holdings (NYSE:COTV)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Cotiviti Holdings (NYSE COTV)
Insider Ownership Percentage: 15.80%
Institutional Ownership Percentage: 89.01%
Insider Trades by Quarter for Cotiviti Holdings (NYSE COTV)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/16/2017||J Douglas Williams||CEO||Sell||16,655||$31.25||$520,468.75|| |
|10/31/2017||J Douglas Williams||CEO||Sell||16,655||$34.96||$582,258.80|| |
|10/17/2017||J Douglas Williams||CEO||Sell||16,655||$34.90||$581,259.50|| |
|10/16/2017||David Beaulieu||COO||Sell||5,000||$35.00||$175,000.00|| |
|10/16/2017||J Douglas Williams||CEO||Sell||8,364||$34.85||$291,485.40|| |
|9/26/2017||J Douglas Williams||CEO||Sell||16,728||$34.95||$584,643.60|| |
|9/25/2017||J Douglas Williams||CEO||Sell||8,364||$34.84||$291,401.76|| |
|9/13/2017||J Douglas Williams||CEO||Sell||16,655||$35.71||$594,750.05|| |
|8/30/2017||J Douglas Williams||CEO||Sell||16,655||$35.04||$583,591.20|| |
|8/17/2017||J Douglas Williams||CEO||Sell||16,655||$35.78||$595,915.90|| |
|8/16/2017||J Douglas Williams||CEO||Sell||8,364||$35.93||$300,518.52|| |
|8/10/2017||Elizabeth Connolly Alexander||Director||Sell||742,349||$37.00||$27,466,913.00|| |
|8/10/2017||International Corp/Ma Advent||Major Shareholder||Sell||9,257,651||$36.87||$341,329,592.37|| |
|7/26/2017||J Douglas Williams||CEO||Sell||16,728||$42.33||$708,096.24|| |
|7/14/2017||Jonathan Olefson||SVP||Sell||5,000||$43.00||$215,000.00|| |
|7/12/2017||J Douglas Williams||CEO||Sell||16,655||$40.76||$678,857.80|| |
|6/28/2017||J Douglas Williams||CEO||Sell||16,655||$38.19||$636,054.45|| |
|6/16/2017||J Douglas Williams||CEO||Sell||16,655||$37.73||$628,393.15|| |
|5/15/2017||Douglas Present||Director||Sell||14,252||$38.36||$546,706.72|| |
|4/17/2017||Douglas Present||Director||Sell||15,000||$41.29||$619,350.00|| |
|3/13/2017||International Corp/Ma Advent||Major Shareholder||Sell||8,011,580||$34.38||$275,438,120.40|| |
|3/13/2017||Lawrence Connolly||Director||Sell||966,174||$36.00||$34,782,264.00|| |
|2/24/2017||Jonathan Olefson||SVP||Sell||5,000||$41.00||$205,000.00|| |
|2/23/2017||Jonathan Olefson||SVP||Sell||5,000||$39.00||$195,000.00|| |
|2/9/2017||Jonathan Olefson||SVP||Sell||5,000||$36.00||$180,000.00|| |
|1/17/2017||Douglas Present||Director||Sell||50,000||$34.16||$1,708,000.00|| |
|12/9/2016||Jonathan Olefson||SVP||Sell||9,527||$34.85||$332,015.95|| |
|5/26/2016||James E Parisi||Director||Buy||5,000||$18.34||$91,700.00|| |
Latest Headlines for Cotiviti Holdings (NYSE COTV)
|Cotiviti Holdings (COTV) versus The Competition Head to Head Survey|
www.americanbankingnews.com - November 22 at 11:10 PM
|$179.26 Million in Sales Expected for Cotiviti Holdings, Inc. (COTV) This Quarter|
www.americanbankingnews.com - November 22 at 4:02 AM
|Cotiviti Holdings (COTV) and Its Peers Financial Analysis|
www.americanbankingnews.com - November 20 at 9:16 AM
|Cotiviti Holdings, Inc. (COTV) CEO Sells $520,468.75 in Stock|
www.americanbankingnews.com - November 20 at 8:13 AM
|Cotiviti Appoints R. Halsey Wise to Board of Directors|
finance.yahoo.com - November 16 at 6:04 PM
|Earnings Momentum Hamper Cotiviti Holdings (COTV) Rating|
investorplace.com - November 16 at 1:23 PM
|Cotiviti to Attend the Citi Global Healthcare Conference|
finance.yahoo.com - November 16 at 1:00 PM
|Cotiviti Holdings (COTV) & Its Peers Financial Comparison|
www.americanbankingnews.com - November 15 at 9:12 PM
|Cotiviti Holdings Inc (COTV) Sees Large Drop in Short Interest|
www.americanbankingnews.com - November 14 at 11:26 PM
|Cotiviti Poised To Weed Out Massive Wasteful Health Spending|
us.rd.yahoo.com - January 17 at 5:19 PM
|COTIVITI HOLDINGS, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits|
biz.yahoo.com - January 9 at 5:34 PM
|Cotiviti Appoints Mala Anand to Board of Directors|
us.rd.yahoo.com - December 13 at 5:05 PM
|COTIVITI HOLDINGS, INC. Files SEC form 8-K, Change in Directors or Principal Officers|
us.rd.yahoo.com - December 13 at 5:05 PM
|Q3 2016 Cotiviti Holdings Inc Earnings Release - After Market Close|
biz.yahoo.com - November 10 at 12:45 PM
|Cotiviti Holdings, Inc. (COTV) Tops Q3 EPS by 5c|
www.streetinsider.com - November 9 at 9:01 PM
|COTV Crosses Above Average Analyst Target|
www.nasdaq.com - October 3 at 4:12 PM
|COTIVITI HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financia|
biz.yahoo.com - September 29 at 9:20 AM
|Cotiviti Holdings Reaches Analyst Target Price|
www.nasdaq.com - August 30 at 4:21 PM
|Cotiviti To Present At Baird 2016 Global Healthcare Conference|
www.thestreet.com - August 25 at 9:42 PM
|Cotiviti Is A Good Play On Increasing Complexity In Managing Healthcare|
seekingalpha.com - August 24 at 4:20 PM
|Cotiviti Appoints Ruben King-Shaw to Board of Directors|
www.businesswire.com - August 23 at 9:32 PM
|Cotiviti Corporation -- Moody's upgrades Cotiviti CFR to B1; first lien affirmed at B1, second lien upgraded to B3; outlook stable|
www.moodys.com - July 11 at 5:27 PM
|COTIVITI HOLDINGS, INC. Files SEC form 8-K, Other Events|
biz.yahoo.com - June 30 at 4:31 PM
Cotiviti Holdings (NYSE COTV) Chart for Thursday, November, 23, 2017