Cotiviti Holdings, Inc., through its subsidiaries, provides analytics-driven payment accuracy and spend management solutions primarily for the healthcare sector in the United States, Canada, the United Kingdom, and India. It operates through two segments, Healthcare, and Global Retail and Other. The company offers prospective claims accuracy solutions that enable healthcare clients identify and address claim discrepancies immediately following claim adjudication and before a claim is paid to a healthcare provider; and retrospective claims accuracy solutions that enable health insurers identify and resolve payment inaccuracies after a claim has been paid to a healthcare provider. It also provides analytics and support services, including anti-fraud, waste, and abuse analytics to identify abnormal patterns in coding and billing practices; surveillance and longitudinal analytics; and claims history analytics to identify areas for direct interaction, as well as to identify policy and program changes that can enhance future payment accuracy. The company was formerly known as Connolly Superholdings, Inc. and changed its name to Cotiviti Holdings, Inc. in September 2015. Cotiviti Holdings, Inc. was founded in 1979 and is headquartered in Atlanta, Georgia.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorBusiness Services
SymbolNYSE:COTV
CUSIPN/A
Phone770-379-2800
Debt
Debt-to-Equity Ratio0.64
Current Ratio2.93
Quick Ratio2.93
Price-To-Earnings
Trailing P/E Ratio31.12
Forward P/E Ratio26.46
P/E Growth2.07
Sales & Book Value
Annual Sales$678.66 million
Price / Sales6.05
Cash Flow$2.4387 per share
Price / Cash18.12
Book Value$11.93 per share
Price / Book3.70
Profitability
EPS (Most Recent Fiscal Year)$1.42
Net Income$138.20 million
Net Margins22.39%
Return on Equity12.68%
Return on Assets6.56%
Miscellaneous
Employees3,300
Outstanding Shares92,940,000
Cotiviti (NYSE:COTV) Frequently Asked Questions
What is Cotiviti's stock symbol?
Cotiviti trades on the New York Stock Exchange (NYSE) under the ticker symbol "COTV."
How were Cotiviti's earnings last quarter?
Cotiviti Holdings Inc (NYSE:COTV) posted its quarterly earnings results on Tuesday, May, 1st. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The business services provider earned $219.03 million during the quarter, compared to analyst estimates of $176.15 million. Cotiviti had a net margin of 22.39% and a return on equity of 12.68%. The company's quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. View Cotiviti's Earnings History.
When is Cotiviti's next earnings date?
What price target have analysts set for COTV?
11 Wall Street analysts have issued 1-year target prices for Cotiviti's stock. Their predictions range from $24.00 to $48.00. On average, they expect Cotiviti's share price to reach $36.5278 in the next year. View Analyst Ratings for Cotiviti.
Who are some of Cotiviti's key competitors?
Some companies that are related to Cotiviti include Total System Services (TSS), Msci (MSCI), Worldpay (WP), CoStar Group (CSGP), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), Alliance Data Systems (ADS), Mercadolibre (MELI), Zillow Group Inc Class C (Z), Zillow Group Inc Class A (ZG), CIELO S A/S (CIOXY), Nielsen (NLSN), GrubHub (GRUB), The Western Union (WU) and CDK Global (CDK).
Who are Cotiviti's key executives?
Cotiviti's management team includes the folowing people:
- Mr. J. Douglas Williams, CEO & Director (Age 56)
- Mr. David R. Beaulieu, Sr. VP & COO (Age 61)
- Mr. Bradley A. Ferguson, Sr. VP, CFO & Principal Accounting Officer (Age 48)
- Ms. Jennifer W. DiBerardino, VP of Investor Relations
- Mr. Jonathan Olefson, Sr. VP, Gen. Counsel & Sec. (Age 42)
When did Cotiviti IPO?
(COTV) raised $225 million in an IPO 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.
Has Cotiviti been receiving favorable news coverage?
News stories about COTV stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cotiviti earned a news sentiment score of 0.04 on Accern's scale. They also gave media headlines about the business services provider an impact score of 45.48 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Cotiviti's major shareholders?
Cotiviti's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.61%), JPMorgan Chase & Co. (2.36%), Eagle Asset Management Inc. (2.04%), Eaton Vance Management (1.67%), Kayne Anderson Rudnick Investment Management LLC (1.44%) and Vaughan Nelson Investment Management L.P. (1.10%). Company insiders that own Cotiviti 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.
Which institutional investors are selling Cotiviti stock?
COTV stock was sold by a variety of institutional investors in the last quarter, including Blair William & Co. IL, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Smith Asset Management Group LP, Eagle Asset Management Inc., Russell Investments Group Ltd., BlackRock Inc. and Teacher Retirement System of Texas. Company insiders that have sold Cotiviti company stock in the last year include David Beaulieu, Elizabeth Connolly Alexander, International Corp/Ma Advent, J Douglas Williams, James E Parisi and Jonathan Olefson. View Insider Buying and Selling for Cotiviti.
Which institutional investors are buying Cotiviti stock?
COTV stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Kayne Anderson Rudnick Investment Management LLC, Millennium Management LLC, Dimensional Fund Advisors LP, Wells Fargo & Company MN, Chicago Capital LLC, Hsbc Holdings PLC and GW&K Investment Management LLC. View Insider Buying and Selling for Cotiviti.
How do I buy shares of Cotiviti?
Shares of COTV 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's stock price today?
One share of COTV stock can currently be purchased for approximately $44.19.
How big of a company is Cotiviti?
Cotiviti has a market capitalization of $4.10 billion and generates $678.66 million in revenue each year. The business services provider earns $138.20 million in net income (profit) each year or $1.42 on an earnings per share basis. Cotiviti employs 3,300 workers across the globe.
How can I contact Cotiviti?
Cotiviti's mailing address is One Glenlake Parkway Suite 1400, ATLANTA GA, 30328. The business services provider can be reached via phone at 770-379-2800 or via email at [email protected]
MarketBeat Community Rating for Cotiviti (COTV)
MarketBeat's community ratings are surveys of what our community members think about Cotiviti and other stocks. Vote "Outperform" if you believe COTV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COTV will underperform the S&P 500 over the long term. You may vote once every thirty days.
