Credit Suisse Group restated their neutral rating on shares of Verisk Analytics (NASDAQ:VRSK) in a report released on Friday, Marketbeat Ratings reports. The firm currently has a $125.00 target price on the business services provider’s stock.
Several other equities research analysts have also commented on the company. Cantor Fitzgerald restated a buy rating and issued a $135.00 price objective on shares of Verisk Analytics in a research note on Thursday. Zacks Investment Research restated a hold rating on shares of Verisk Analytics in a research note on Saturday, November 17th. SunTrust Banks upped their price objective on Verisk Analytics to $120.00 in a research note on Thursday, November 1st. Robert W. Baird upped their price objective 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 shares of Verisk Analytics from a buy rating to a strong-buy rating in a report on Wednesday, October 24th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Verisk Analytics has a consensus rating of Buy and a consensus target price of $116.00.
Shares of NASDAQ:VRSK traded down $3.55 during midday trading on Friday, hitting $114.45. The company had a trading volume of 830,154 shares, compared to its average volume of 931,981. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $19.43 billion, a price-to-earnings 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.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $596.79 million. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. Verisk Analytics’s revenue 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 fiscal year.
In related news, CEO Scott G. Stephenson sold 18,805 shares of the company’s stock in a transaction 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 owns 781,770 shares of the company’s stock, valued at approximately $94,547,263.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott G. Stephenson sold 18,990 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $113.79, for a total transaction of $2,160,872.10. Following the transaction, the chief executive officer now directly owns 808,220 shares of the company’s stock, valued at approximately $91,967,353.80. The disclosure for this sale can be found here. In 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. Corporate insiders own 3.19% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VRSK. TRUE Private Wealth Advisors bought a new position in shares of Verisk Analytics during the 3rd quarter valued at about $110,000. Financial Architects Inc bought a new position in shares of Verisk Analytics during the 3rd quarter valued at about $113,000. Fort L.P. bought a new position in shares of Verisk Analytics during the 2nd quarter valued at about $121,000. Harvest Fund Management Co. Ltd bought a new position in shares of Verisk Analytics during the 3rd quarter valued at about $139,000. Finally, NuWave Investment Management LLC boosted its holdings in shares of Verisk Analytics by 458.2% during the 3rd quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 976 shares during the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.
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.
Featured Article: How to calculate compound interest
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.