Verisk Analytics, Inc. (NASDAQ:VRSK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, July 13th.
According to Zacks, “Using advanced technologies to collect and analyze troves of data, Verisk draws on unique data assets and deep domain expertise to provide predictive analytics and decision support solutions that are integrated into customer workflows. The company recorded an average organic revenue growth of about 8% over the past ten years. Verisk further continues to extend its footprint in new markets through targeted international expansion. The company has a large and diverse addressable market with low customer concentration that mitigates operating risks. However, the company is susceptible to operational risks related to security breaches in its facilities and databases, resulting in a loss of its credibility and customers. In addition, it is prone to high volatility of continued end-market headwinds affecting the energy business and lower revenue in environmental health and safety solutions. Verisk has also underperformed the industry year to date.”
Several other brokerages have also recently weighed in on VRSK. Royal Bank Of Canada dropped their price objective on Verisk Analytics from $85.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 9th. Cantor Fitzgerald restated a “buy” rating and set a $92.00 price objective on shares of Verisk Analytics in a research note on Tuesday, May 2nd. BidaskClub upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. J P Morgan Chase & Co cut Verisk Analytics from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $87.00 to $75.00 in a research note on Wednesday, May 3rd. Finally, Macquarie upgraded Verisk Analytics from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $95.00 in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Verisk Analytics currently has an average rating of “Hold” and an average target price of $85.00.
Shares of Verisk Analytics (NASDAQ:VRSK) traded up 0.05% during mid-day trading on Thursday, hitting $80.62. 551,070 shares of the stock were exchanged. The stock has a market capitalization of $13.27 billion, a P/E ratio of 29.31 and a beta of 0.66. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $88.17. The stock’s 50 day moving average price is $84.37 and its 200-day moving average price is $82.13.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. During the same period last year, the business earned $0.73 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Verisk Analytics will post $3.14 EPS for the current fiscal year.
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In related news, Director John F. Lehman sold 8,247 shares of Verisk Analytics stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $78.72, for a total value of $649,203.84. Following the completion of the sale, the director now owns 115,073 shares of the company’s stock, valued at approximately $9,058,546.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total value of $250,410.00. Following the completion of the sale, the director now directly owns 107,666 shares of the company’s stock, valued at approximately $8,986,881.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,551 shares of company stock valued at $2,211,942. Insiders own 3.41% of the company’s stock.
Large investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its stake in shares of Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after buying an additional 418 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after buying an additional 380 shares during the period. Huntington National Bank raised its stake in shares of Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after buying an additional 354 shares during the period. Paradigm Asset Management Co. LLC raised its stake in shares of Verisk Analytics by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock valued at $165,000 after buying an additional 100 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock valued at $169,000 after buying an additional 600 shares during the period. 93.14% of the stock is owned by institutional investors.
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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