Inovalon Holdings, Inc. (INOV) Position Maintained by Eaton Vance Management

Eaton Vance Management continued to hold its stake in shares of Inovalon Holdings, Inc. (NASDAQ:INOV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,611 shares of the technology company’s stock at the end of the second quarter. Eaton Vance Management owned approximately 0.34% of Inovalon Holdings worth $6,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Black Creek Investment Management Inc. boosted its holdings in shares of Inovalon Holdings by 13.6% in the first quarter. Black Creek Investment Management Inc. now owns 9,772,435 shares of the technology company’s stock worth $123,133,000 after buying an additional 1,171,150 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Inovalon Holdings by 3.8% in the first quarter. Vanguard Group Inc. now owns 4,809,281 shares of the technology company’s stock worth $60,598,000 after buying an additional 174,304 shares during the period. FMR LLC boosted its holdings in shares of Inovalon Holdings by 6.7% in the first quarter. FMR LLC now owns 2,565,829 shares of the technology company’s stock worth $32,329,000 after buying an additional 161,500 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Inovalon Holdings by 183.1% in the first quarter. Neuberger Berman Group LLC now owns 1,938,715 shares of the technology company’s stock worth $24,428,000 after buying an additional 1,253,887 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Inovalon Holdings by 2,014.6% in the first quarter. Parametric Portfolio Associates LLC now owns 1,161,768 shares of the technology company’s stock worth $14,638,000 after buying an additional 1,106,827 shares during the period. Institutional investors own 28.67% of the company’s stock.

In other news, CEO Keith R. Dunleavy acquired 62,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $16.38 per share, for a total transaction of $1,015,560.00. Following the transaction, the chief executive officer now directly owns 270,000 shares of the company’s stock, valued at $4,422,600. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 48.28% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/09/15/inovalon-holdings-inc-inov-position-maintained-by-eaton-vance-management.html.

Shares of Inovalon Holdings, Inc. (INOV) opened at 16.77 on Friday. Inovalon Holdings, Inc. has a 12-month low of $8.60 and a 12-month high of $17.80. The firm has a market capitalization of $2.45 billion, a PE ratio of 140.97 and a beta of 1.17. The company’s 50 day moving average is $16.19 and its 200 day moving average is $13.82.

Inovalon Holdings (NASDAQ:INOV) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $110.60 million for the quarter, compared to analysts’ expectations of $108.73 million. Inovalon Holdings had a return on equity of 5.17% and a net margin of 4.13%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. On average, analysts forecast that Inovalon Holdings, Inc. will post $0.32 earnings per share for the current year.

Several research analysts have commented on INOV shares. BidaskClub upgraded shares of Inovalon Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. KeyCorp restated a “hold” rating on shares of Inovalon Holdings in a report on Tuesday. Robert W. Baird restated a “neutral” rating and set a $12.00 price target (up from $11.00) on shares of Inovalon Holdings in a report on Friday, June 16th. Morgan Stanley upgraded shares of Inovalon Holdings from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $9.00 to $14.00 in a report on Tuesday. Finally, ValuEngine upgraded shares of Inovalon Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.17.

Inovalon Holdings Company Profile

Inovalon Holdings, Inc (Inovalon) is a technology company. The Company provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.

Institutional Ownership by Quarter for Inovalon Holdings (NASDAQ:INOV)

Receive News & Ratings for Inovalon Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inovalon Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply