Verisk Analytics (NASDAQ:VRSK)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse Group in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $125.00 target price on the business services provider’s stock. Credit Suisse Group’s target price points to a potential upside of 9.22% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating and set a $135.00 target price on shares of Verisk Analytics in a research note on Thursday. Zacks Investment Research reissued a “hold” rating on shares of Verisk Analytics in a research note on Saturday, November 17th. SunTrust Banks increased their target price on Verisk Analytics to $120.00 in a research note on Thursday, November 1st. Robert W. Baird increased their target price on Verisk Analytics from $125.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.00.
Shares of VRSK stock opened at $114.45 on Friday. The company has a market cap of $19.43 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62. Verisk Analytics has a 12-month low of $90.60 and a 12-month high of $125.99. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.96.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $598.70 million during the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. On average, equities research analysts expect that Verisk Analytics will post 4.15 earnings per share for the current year.
In related news, insider David J. Grover sold 9,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $121.50, for a total value of $1,154,250.00. Following the completion of the transaction, the insider now directly owns 16,569 shares of the company’s stock, valued at approximately $2,013,133.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott G. Stephenson sold 18,805 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $120.94, for a total value of $2,274,276.70. Following the completion of the transaction, the chief executive officer now directly owns 781,770 shares of the company’s stock, valued at $94,547,263.80. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 936 shares of company stock valued at $112,080 and sold 303,674 shares valued at $36,360,561. Company insiders own 3.19% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Dedication LLC increased its stake in Verisk Analytics by 445.9% in the 2nd quarter. Asset Dedication LLC now owns 5,656 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 4,620 shares in the last quarter. Toronto Dominion Bank grew its holdings in Verisk Analytics by 17.7% during the 2nd quarter. Toronto Dominion Bank now owns 111,318 shares of the business services provider’s stock valued at $11,980,000 after buying an additional 16,757 shares during the last quarter. Strs Ohio grew its holdings in Verisk Analytics by 5.1% during the 2nd quarter. Strs Ohio now owns 211,510 shares of the business services provider’s stock valued at $22,766,000 after buying an additional 10,174 shares during the last quarter. Swiss National Bank grew its holdings in Verisk Analytics by 2.8% during the 2nd quarter. Swiss National Bank now owns 600,043 shares of the business services provider’s stock valued at $64,589,000 after buying an additional 16,400 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. grew its holdings in Verisk Analytics by 48.3% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 392,648 shares of the business services provider’s stock valued at $47,569,000 after buying an additional 127,813 shares during the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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