Redmond Asset Management LLC reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,256 shares of the business services provider’s stock after selling 100 shares during the period. Redmond Asset Management LLC’s holdings in Verisk Analytics were worth $1,502,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSK. Geode Capital Management LLC raised its stake in shares of Verisk Analytics by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 2,283,215 shares of the business services provider’s stock valued at $248,557,000 after acquiring an additional 168,185 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in shares of Verisk Analytics by 1.2% in the first quarter. Mawer Investment Management Ltd. now owns 1,891,337 shares of the business services provider’s stock valued at $251,553,000 after acquiring an additional 22,889 shares in the last quarter. Northern Trust Corp raised its stake in shares of Verisk Analytics by 1.1% in the first quarter. Northern Trust Corp now owns 1,890,383 shares of the business services provider’s stock valued at $251,422,000 after acquiring an additional 21,404 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Verisk Analytics by 8.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,350,979 shares of the business services provider’s stock valued at $179,680,000 after acquiring an additional 102,887 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its stake in shares of Verisk Analytics by 3.4% in the first quarter. Champlain Investment Partners LLC now owns 1,172,675 shares of the business services provider’s stock valued at $155,966,000 after acquiring an additional 38,835 shares in the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.
Several analysts have recently issued reports on VRSK shares. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Bank of America increased their price objective on Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. SunTrust Banks increased their price objective on Verisk Analytics to $150.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Finally, Barclays restated a “buy” rating and issued a $155.00 price target on shares of Verisk Analytics in a research note on Sunday, May 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $138.89.
In other Verisk Analytics news, Director Constantine Iordanou sold 2,122 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $153.01, for a total transaction of $324,687.22. Following the transaction, the director now owns 59,214 shares of the company’s stock, valued at $9,060,334.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO David J. Grover sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $144.25, for a total value of $432,750.00. Following the transaction, the chief accounting officer now directly owns 9,931 shares in the company, valued at approximately $1,432,546.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,928 shares of company stock worth $4,475,722. 2.71% of the stock is owned by insiders.
Verisk Analytics stock traded up $2.13 during midday trading on Thursday, reaching $155.22. The company’s stock had a trading volume of 8,402 shares, compared to its average volume of 718,742. Verisk Analytics, Inc. has a fifty-two week low of $102.74 and a fifty-two week high of $157.60. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.21. The stock has a market cap of $25.42 billion, a P/E ratio of 37.67, a P/E/G ratio of 3.47 and a beta of 0.76. The stock’s 50-day moving average is $151.26.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.10. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The company had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $642.61 million. During the same period last year, the firm earned $1.06 earnings per share. Verisk Analytics’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that Verisk Analytics, Inc. will post 4.43 earnings per share for the current year.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
Further Reading: When can a hold rating present a buying opportunity?
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