Verisk Analytics (VRSK) Cut to Hold at Zacks Investment Research
Verisk Analytics (NASDAQ:VRSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “Verisk continuously seeks to expand its portfolio by leveraging its deep knowledge and embedded position to develop new, proprietary data sets and predictive analytics. The company has extended its scalable data and analytic solutions by steadily putting resources into overseas markets. The scalability of its products has further led to highly cash-generative businesses characterized by high net margins and relatively low capital intensity. Verisk has also outperformed the industry in the last three months. However, Verisk is susceptible to operational risks related to security breaches in its facilities and databases, resulting in a loss of credibility. With modest revenue coming from the U.K., Verisk is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. The company is also susceptible to high volatility related to end-market headwinds in environmental health and safety solutions.”
A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets increased their price target on shares of Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Credit Suisse Group increased their price target on shares of Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Morgan Stanley increased their price target on shares of Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $85.00 price target on shares of Verisk Analytics in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $92.64.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $527.97 million. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. analysts forecast that Verisk Analytics will post 3.17 EPS for the current fiscal year.
In other Verisk Analytics news, CFO Lee Shavel bought 388 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, January 10th. The shares were bought at an average price of $96.61 per share, with a total value of $37,484.68. Following the acquisition, the chief financial officer now owns 22,729 shares in the company, valued at $2,195,848.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth E. Thompson sold 62,226 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $85.15, for a total transaction of $5,298,543.90. Following the transaction, the executive vice president now directly owns 107,264 shares in the company, valued at approximately $9,133,529.60. The disclosure for this sale can be found here. In the last three months, insiders bought 22,978 shares of company stock worth $2,098,817 and sold 327,172 shares worth $28,591,387. 3.41% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Verisk Analytics by 28.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the business services provider’s stock valued at $614,000 after purchasing an additional 1,400 shares during the last quarter. Progressive Investment Management Corp grew its holdings in shares of Verisk Analytics by 5.0% during the 4th quarter. Progressive Investment Management Corp now owns 31,830 shares of the business services provider’s stock valued at $3,056,000 after purchasing an additional 1,510 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Verisk Analytics by 10.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 259,528 shares of the business services provider’s stock valued at $21,590,000 after purchasing an additional 25,263 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Verisk Analytics in the 3rd quarter worth $323,000. Finally, IFM Investors Pty Ltd bought a new stake in Verisk Analytics in the 3rd quarter worth $391,000. 92.84% of the stock is currently owned by institutional investors.
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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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