Verisk Analytics (VRSK) Rating Reiterated by Morgan Stanley

Morgan Stanley reaffirmed their hold rating on shares of Verisk Analytics (NASDAQ:VRSK) in a report issued on Thursday. Morgan Stanley currently has a $119.00 price objective on the business services provider’s stock, up from their prior price objective of $113.00.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Verisk Analytics from a buy rating to a hold rating in a report on Thursday, July 19th. BidaskClub cut shares of Verisk Analytics from a strong-buy rating to a buy rating in a report on Wednesday, August 22nd. Keefe, Bruyette & Woods cut shares of Verisk Analytics from an outperform rating to a market perform rating and set a $90.00 price target for the company. in a report on Thursday, August 2nd. Finally, SunTrust Banks restated a hold rating and set a $109.00 price target on shares of Verisk Analytics in a report on Wednesday, August 1st. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $106.62.

VRSK stock opened at $121.63 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.99. The company has a market cap of $20.01 billion, a P/E ratio of 33.29, a P/E/G ratio of 2.30 and a beta of 0.66. Verisk Analytics has a 52 week low of $80.53 and a 52 week high of $122.80.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.01 by $0.05. The business had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $586.22 million. Verisk Analytics had a net margin of 26.58% and a return on equity of 31.35%. analysts anticipate that Verisk Analytics will post 4.16 earnings per share for the current year.

In related news, CEO Scott G. Stephenson sold 18,294 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $107.14, for a total transaction of $1,960,019.16. Following the transaction, the chief executive officer now owns 660,940 shares of the company’s stock, valued at $70,813,111.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott G. Stephenson sold 18,173 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $112.74, for a total transaction of $2,048,824.02. Following the transaction, the chief executive officer now directly owns 674,677 shares in the company, valued at approximately $76,063,084.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 578,420 shares of company stock worth $65,944,591. Insiders own 3.19% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of VRSK. Wells Fargo & Company MN raised its position in Verisk Analytics by 11.3% during the first quarter. Wells Fargo & Company MN now owns 565,552 shares of the business services provider’s stock valued at $58,817,000 after acquiring an additional 57,554 shares in the last quarter. Mackay Shields LLC bought a new position in shares of Verisk Analytics in the first quarter valued at approximately $2,721,000. Quantitative Systematic Strategies LLC bought a new position in shares of Verisk Analytics in the first quarter valued at approximately $218,000. Robeco Institutional Asset Management B.V. raised its position in shares of Verisk Analytics by 355.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 25,244 shares of the business services provider’s stock valued at $2,625,000 after purchasing an additional 19,706 shares during the period. Finally, Aperio Group LLC raised its position in shares of Verisk Analytics by 8.3% in the first quarter. Aperio Group LLC now owns 43,663 shares of the business services provider’s stock valued at $4,541,000 after purchasing an additional 3,329 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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