Burney Co. raised its stake in Verisk Analytics (NASDAQ:VRSK) by 70.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,559 shares of the business services provider’s stock after buying an additional 6,015 shares during the period. Burney Co.’s holdings in Verisk Analytics were worth $1,514,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in Verisk Analytics in the 4th quarter valued at $112,000. Fusion Family Wealth LLC purchased a new stake in Verisk Analytics in the 4th quarter valued at $116,000. Virtue Capital Management LLC purchased a new stake in Verisk Analytics in the 4th quarter valued at $121,000. Calton & Associates Inc. purchased a new stake in Verisk Analytics in the 4th quarter valued at $183,000. Finally, Psagot Investment House Ltd. purchased a new stake in Verisk Analytics in the 1st quarter valued at $198,000. Institutional investors own 93.48% of the company’s stock.
In other news, Director Hyatt J. Brown sold 73,587 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $100.20, for a total value of $7,373,417.40. Following the transaction, the director now owns 78,673 shares of the company’s stock, valued at approximately $7,883,034.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $100.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 1,068 shares of company stock worth $112,950 and sold 518,830 shares worth $54,153,984. Corporate insiders own 3.19% of the company’s stock.
Shares of Verisk Analytics stock opened at $104.68 on Thursday. Verisk Analytics has a 52 week low of $104.55 and a 52 week high of $105.38. The firm has a market capitalization of $17.39 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.93.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.94 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. Verisk Analytics had a return on equity of 31.75% and a net margin of 26.05%. The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $565.41 million. During the same quarter in the prior year, the company posted $0.74 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. equities analysts forecast that Verisk Analytics will post 4.1 earnings per share for the current fiscal year.
Several analysts have issued reports on VRSK shares. Robert W. Baird restated an “outperform” rating and issued a $115.00 target price (up from $109.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. Royal Bank of Canada upped their target price on Verisk Analytics to $100.00 and gave the company a “sector perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. BidaskClub upgraded Verisk Analytics from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo restated an “outperform” rating and issued a $115.00 target price (up from $105.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. Finally, Credit Suisse Group restated a “neutral” rating and issued a $106.00 target price (up from $96.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $104.36.
About Verisk Analytics
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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