Verisk Analytics (VRSK) Given New $133.00 Price Target at Robert W. Baird

Verisk Analytics (NASDAQ:VRSK) had its price target raised by analysts at Robert W. Baird from $125.00 to $133.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 15.10% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $115.00 price target on shares of Verisk Analytics in a research report on Thursday, July 19th. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley reaffirmed a “hold” rating and issued a $119.00 price target (up previously from $113.00) on shares of Verisk Analytics in a research report on Thursday, September 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $109.00 price target on shares of Verisk Analytics in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $110.38.

Shares of NASDAQ VRSK opened at $115.55 on Thursday. Verisk Analytics has a fifty-two week low of $89.65 and a fifty-two week high of $122.80. The stock has a market capitalization of $19.74 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 2.43 and a beta of 0.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.96.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The business had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $596.79 million. During the same quarter last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Verisk Analytics will post 4.15 earnings per share for the current year.

In other Verisk Analytics news, 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 value of $2,160,872.10. Following the completion of the sale, the chief executive officer now owns 808,220 shares in the company, valued at approximately $91,967,353.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott G. Stephenson sold 61,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $115.45, for a total transaction of $7,094,402.50. Following the sale, the chief executive officer now owns 702,755 shares of the company’s stock, valued at approximately $81,133,064.75. The disclosure for this sale can be found here. In the last quarter, insiders acquired 945 shares of company stock valued at $112,226 and sold 358,425 shares valued at $42,176,878. Company insiders own 3.19% of the company’s stock.

Several hedge funds have recently modified their holdings of VRSK. LPL Financial LLC increased its stake in shares of Verisk Analytics by 27.4% during the 1st quarter. LPL Financial LLC now owns 10,364 shares of the business services provider’s stock worth $1,078,000 after purchasing an additional 2,230 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Verisk Analytics by 6.9% during the 1st quarter. Allianz Asset Management GmbH now owns 529,387 shares of the business services provider’s stock worth $55,056,000 after purchasing an additional 33,988 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Verisk Analytics by 7.6% during the 2nd quarter. Gulf International Bank UK Ltd now owns 51,407 shares of the business services provider’s stock worth $5,533,000 after purchasing an additional 3,650 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Verisk Analytics by 3.5% during the 2nd quarter. DnB Asset Management AS now owns 20,951 shares of the business services provider’s stock worth $2,255,000 after purchasing an additional 700 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Verisk Analytics by 47.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,123 shares of the business services provider’s stock worth $767,000 after purchasing an additional 2,298 shares during the last quarter. Institutional investors own 92.55% of the company’s stock.

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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