Verisk Analytics, Inc. (NASDAQ:VRSK) had its price target lifted by Morgan Stanley from $83.00 to $90.00 in a research report released on Thursday, November 2nd. The brokerage currently has an equal weight rating on the business services provider’s stock.
Several other analysts have also weighed in on the stock. SunTrust Banks, Inc. reiterated a hold rating and issued a $85.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. Robert W. Baird reissued a buy rating on shares of Verisk Analytics in a report on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a buy rating and set a $92.00 price objective on shares of Verisk Analytics in a report on Wednesday, November 1st. BMO Capital Markets upped their price target on Verisk Analytics from $83.00 to $91.00 and gave the company a market perform rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Verisk Analytics from a sell rating to a hold rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $88.29.
Shares of Verisk Analytics (NASDAQ:VRSK) traded up $0.99 during mid-day trading on Thursday, reaching $91.11. 1,044,100 shares of the company’s stock were exchanged, compared to its average volume of 806,144. The firm has a market capitalization of $14,842.04, a PE ratio of 28.16, a P/E/G ratio of 3.20 and a beta of 0.76. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $92.92. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same period last year, the firm earned $0.84 earnings per share. Verisk Analytics’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts expect that Verisk Analytics will post 3.17 EPS for the current fiscal year.
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In other news, EVP Kenneth E. Thompson sold 80,207 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the completion of the transaction, the executive vice president now directly owns 107,264 shares in the company, valued at $9,131,384.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher M. Foskett sold 5,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $91.02, for a total value of $500,610.00. Following the transaction, the director now owns 15,489 shares of the company’s stock, valued at $1,409,808.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 318,146 shares of company stock valued at $27,443,084. 3.41% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in Verisk Analytics by 40.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after buying an additional 380 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in Verisk Analytics by 45.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after buying an additional 418 shares in the last quarter. Huntington National Bank increased its holdings in Verisk Analytics by 29.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after buying an additional 354 shares in the last quarter. Advisory Services Network LLC increased its holdings in Verisk Analytics by 300.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after buying an additional 1,268 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in Verisk Analytics by 61.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after buying an additional 669 shares in the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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