Parnassus Investments CA Increases Holdings in Verisk Analytics, Inc. (VRSK)

Parnassus Investments CA raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,352,573 shares of the business services provider’s stock after buying an additional 14,156 shares during the quarter. Verisk Analytics comprises approximately 2.2% of Parnassus Investments CA’s investment portfolio, making the stock its 14th biggest holding. Parnassus Investments CA owned 3.86% of Verisk Analytics worth $528,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRSK. OppenheimerFunds Inc. lifted its stake in Verisk Analytics by 7.9% in the first quarter. OppenheimerFunds Inc. now owns 3,044 shares of the business services provider’s stock valued at $247,000 after buying an additional 222 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Verisk Analytics by 5.0% in the first quarter. Thrivent Financial For Lutherans now owns 5,680 shares of the business services provider’s stock valued at $461,000 after buying an additional 270 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Verisk Analytics by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 535,380 shares of the business services provider’s stock valued at $43,439,000 after buying an additional 24,710 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Verisk Analytics in the first quarter valued at approximately $361,000. Finally, DnB Asset Management AS lifted its stake in Verisk Analytics by 17.5% in the second quarter. DnB Asset Management AS now owns 22,151 shares of the business services provider’s stock valued at $1,869,000 after buying an additional 3,300 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the transaction, the director now directly owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth E. Thompson sold 80,207 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at $9,131,384.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 293,950 shares of company stock valued at $25,301,427. Corporate insiders own 3.41% of the company’s stock.

Shares of Verisk Analytics, Inc. (NASDAQ VRSK) traded up $0.32 on Monday, reaching $91.35. 185,475 shares of the company were exchanged, compared to its average volume of 780,703. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45. Verisk Analytics, Inc. has a fifty-two week low of $75.60 and a fifty-two week high of $91.41. The firm has a market capitalization of $14,991.90, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.24 and a beta of 0.76.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $527.97 million. During the same period last year, the company posted $0.84 EPS. The company’s revenue was up 10.2% on a year-over-year basis. analysts predict that Verisk Analytics, Inc. will post 3.16 earnings per share for the current year.

A number of brokerages have weighed in on VRSK. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $92.00 price target on shares of Verisk Analytics in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Morgan Stanley lifted their price target on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $88.23.

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Verisk Analytics Company Profile

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

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