Verisk Analytics (NASDAQ:VRSK – Get Assessment) saw its target price lowered by stock analysts at BMO Capital Markets from $225.00 to $205.00 in a research report released Thursday, reports The Fly. The company currently has a “hold” rating on the shares of the business services provider. BMO Capital Markets’ price target indicates upside potential of 10.56% from the stock’s previous close.
Several other research companies have also recently commented on VRSK. Deutsche Bank Aktiengesellschaft lowered its price target on Verisk Analytics shares from $255.00 to $226.00 in a report on Thursday. UBS Group raised its price target on Verisk Analytics shares from $197.00 to $215.00 and gave the company a “neutral” rating in a Tuesday, April 19 research note. William Blair repeated an “outperforming” rating on Verisk Analytics shares in a Wednesday, February 23 report. Morgan Stanley cut Verisk Analytics shares from an “overweight” rating to an “equally weighted” rating and raised its target price for the stock from $232.00 to $237.00 in a Wednesday, Jan. 5 report . Finally, Royal Bank of Canada raised its price target on Verisk Analytics shares from $210.00 to $230.00 and gave the stock an “outperform” rating in a Thursday, April 14 report. Two equity research analysts gave the stock a sell rating, four issued a hold rating and six gave the company’s stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $219.80.
The NASDAQ VRSK opened at $185.42 on Thursday. The stock’s 50-day simple moving average is $204.43 and its two-hundred-day simple moving average is $208.48. Verisk Analytics has a 12-month low of $167.37 and a 12-month high of $231.57. The company has a quick ratio of 0.49, a current ratio of 0.49 and a leverage ratio of 0.82. The company has a market capitalization of $29.44 billion, a price/earnings ratio of 30.00, a PEG ratio of 3.34 and a beta of 0.86.
Verisk Analytics (NASDAQ:VRSK – Get Rating) last released its quarterly results on Tuesday, May 3. The business services provider reported EPS of $1.34 for the quarter, missing analyst consensus estimates of $1.39 per ($0.05). Verisk Analytics had a return on equity of 31.79% and a net margin of 32.92%. The company posted revenue of $775.50 million in the quarter, versus a consensus estimate of $773.79 million. In the same period a year earlier, the company earned earnings per share of $1.23. The company’s revenue for the quarter increased by 6.8% compared to the same quarter last year. On average, stock analysts expect Verisk Analytics to post earnings per share of 5.83 for the current fiscal year.
Separately, CFO Lee Shavel sold 483 shares in a trade that took place on Friday, April 1. The stock was sold at an average price of $214.88, for a total value of $103,787.04. Following the completion of the transaction, the CFO now directly owns 40,127 shares of the company, valued at approximately $8,622,489.76. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, manager David B. Wright sold 4,675 shares in a trade on Monday, March 14. The shares were sold at an average price of $184.46, for a total value of $862,350.50. The disclosure of this sale can be found here. Insiders sold a total of 5,641 shares of the company worth $1,064,496 in the past 90 days. 2.28% of the shares are currently held by insiders.
Several institutional investors have recently changed their holdings of VRSK. Raymond James Financial Services Advisors Inc. increased its position in Verisk Analytics by 20.0% in Q3. Raymond James Financial Services Advisors Inc. now owns 12,811 shares of the business services provider valued at $2,567,000 after acquiring 2,136 additional shares last quarter. Advisor Group Holdings Inc. increased its stake in Verisk Analytics by 8.6% in Q3. Advisor Group Holdings Inc. now owns 56,879 shares of the business services provider valued at $11,395,000 after purchasing an additional 4,519 shares during the period. Advisory Services Network LLC increased its stake in Verisk Analytics by 13.4% in Q3. Advisory Services Network LLC now owns 4,826 shares of the business services provider valued at $966,000 after purchasing an additional 570 shares during the period. Keybank National Association OH increased its holdings of Verisk Analytics shares by 19.2% during Q3. Keybank National Association OH now owns 14,240 shares of the business services provider worth $2,852,000 after acquiring an additional 2,291 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Verisk Analytics shares by 13.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,930 shares of the business services provider worth $387,000 after acquiring 234 additional shares during the period. 91.29% of the shares are held by institutional investors and hedge funds.
About Verisk Analytics (Get a rating)
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The Company provides predictive analytics and decision support solutions to clients in the areas of rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resource intelligence, economic forecasting, commercial banking and finance, and various other fields.
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