Westpac Banking Corp Sells 600 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

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Westpac Banking Corp reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,473 shares of the business services provider’s stock after selling 600 shares during the quarter. Westpac Banking Corp’s holdings in Verisk Analytics were worth $8,125,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VRSK. AKO Capital LLP bought a new stake in shares of Verisk Analytics during the first quarter valued at approximately $93,699,000. Federated Investors Inc. PA boosted its position in shares of Verisk Analytics by 129.7% during the first quarter. Federated Investors Inc. PA now owns 816,491 shares of the business services provider’s stock valued at $108,594,000 after purchasing an additional 461,047 shares in the last quarter. FMR LLC boosted its position in shares of Verisk Analytics by 2,216.3% during the first quarter. FMR LLC now owns 424,897 shares of the business services provider’s stock valued at $56,511,000 after purchasing an additional 406,553 shares in the last quarter. Ardevora Asset Management LLP bought a new stake in shares of Verisk Analytics during the first quarter valued at approximately $38,051,000. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Verisk Analytics during the second quarter valued at approximately $20,094,000. Hedge funds and other institutional investors own 93.23% of the company’s stock.

In other news, Director Constantine Iordanou sold 2,122 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $153.01, for a total value of $324,687.22. Following the completion of the transaction, the director now owns 59,214 shares in the company, valued at $9,060,334.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wright sold 14,728 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $152.19, for a total value of $2,241,454.32. Following the completion of the transaction, the director now owns 26,207 shares of the company’s stock, valued at approximately $3,988,443.33. The disclosure for this sale can be found here. Insiders sold 29,928 shares of company stock valued at $4,475,722 in the last 90 days. Company insiders own 2.71% of the company’s stock.

NASDAQ:VRSK traded up $1.92 during trading hours on Thursday, reaching $155.01. 108,273 shares of the company traded hands, compared to its average volume of 718,742. The firm has a 50-day moving average price of $151.26. The firm has a market capitalization of $25.42 billion, a PE ratio of 37.72, a P/E/G ratio of 3.47 and a beta of 0.76. Verisk Analytics, Inc. has a 1 year low of $102.74 and a 1 year high of $157.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.77 and a quick ratio of 0.77.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.10. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The firm had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. As a group, analysts anticipate that Verisk Analytics, Inc. will post 4.43 EPS for the current fiscal year.

VRSK has been the topic of several research reports. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Bank of America lifted their price target on Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley set a $132.00 price target on Verisk Analytics and gave the company a “hold” rating in a research report on Thursday, May 2nd. Barclays restated a “buy” rating and set a $155.00 price target on shares of Verisk Analytics in a research report on Sunday, May 5th. Finally, Zacks Investment Research lowered Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $138.89.

Verisk Analytics Profile

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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