Verisk Analytics, Inc. (NASDAQ:VRSK) had its price objective lifted by Morgan Stanley from $83.00 to $90.00 in a report published on Thursday. The brokerage currently has an equal weight rating on the business services provider’s stock.
Other equities research analysts also recently issued research reports about the company. UBS AG reissued a sell rating and set a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a research report on Friday, July 14th. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $85.00 target price on shares of Verisk Analytics in a report on Wednesday. BMO Capital Markets raised their target price on Verisk Analytics from $83.00 to $91.00 and gave the company a market perform rating in a report on Thursday. Robert W. Baird reaffirmed a buy rating on shares of Verisk Analytics in a report on Wednesday. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $92.00 target price on shares of Verisk Analytics in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Verisk Analytics currently has a consensus rating of Hold and a consensus target price of $88.23.
Shares of Verisk Analytics (NASDAQ:VRSK) traded up $0.01 during trading hours on Thursday, reaching $91.03. The company had a trading volume of 874,461 shares, compared to its average volume of 761,542. The firm has a market capitalization of $14,991.91, a P/E ratio of 28.45, a P/E/G ratio of 3.26 and a beta of 0.76. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $91.41. The company has a quick ratio of 0.71, a current ratio of 0.45 and a debt-to-equity ratio of 1.36.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The business had revenue of $549.10 million for the quarter, compared to the consensus estimate of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. sell-side analysts predict that Verisk Analytics will post 3.16 EPS for the current fiscal year.
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In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the sale, the director now directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher M. Foskett sold 1,304 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the sale, the director now owns 9,989 shares of the company’s stock, valued at $823,692.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 293,950 shares of company stock valued at $25,301,427. 3.41% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Integrated Investment Consultants LLC grew its holdings in Verisk Analytics by 45.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after acquiring an additional 418 shares during the period. Parkside Financial Bank & Trust grew its holdings in Verisk Analytics by 40.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after acquiring an additional 380 shares during the period. Huntington National Bank grew its holdings in Verisk Analytics by 29.6% during the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after acquiring an additional 354 shares during the period. Advisory Services Network LLC grew its holdings in Verisk Analytics by 300.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,268 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in Verisk Analytics by 61.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after acquiring an additional 669 shares during the period. Hedge funds and other institutional investors own 93.68% 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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