Verisk Analytics (NASDAQ:VRSK) Price Target Raised to $155.00

Verisk Analytics (NASDAQ:VRSK) had its price objective upped by research analysts at Bank of America from $146.00 to $155.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Bank of America‘s price objective points to a potential upside of 1.61% from the stock’s previous close.

VRSK has been the subject of several other research reports. Deutsche Bank set a $137.00 price target on shares of Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Morgan Stanley increased their price target on shares of Zynga and gave the company an “overweight” rating in a research report on Thursday, May 2nd. UBS Group raised their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Zacks Investment Research raised shares of Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Saturday, April 27th. Finally, SunTrust Banks raised their target price on shares of Markel to $1,100.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Verisk Analytics presently has an average rating of “Hold” and an average target price of $134.00.

VRSK traded up $0.50 during trading on Wednesday, hitting $152.54. 10,165 shares of the stock traded hands, compared to its average volume of 623,557. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 3.41 and a beta of 0.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50-day moving average price of $148.63. Verisk Analytics has a 12-month low of $102.74 and a 12-month high of $153.82.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.10. The business had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, equities research analysts expect that Verisk Analytics will post 4.42 EPS for the current fiscal year.

In other news, Director Christopher M. Foskett sold 10,078 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $146.54, for a total value of $1,476,830.12. Following the completion of the sale, the director now directly owns 20,759 shares of the company’s stock, valued at approximately $3,042,023.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David J. Grover sold 3,000 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $144.25, for a total transaction of $432,750.00. Following the completion of the transaction, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at $1,432,546.75. The disclosure for this sale can be found here. Company insiders own 2.71% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Verisk Analytics by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 2,283,215 shares of the business services provider’s stock worth $248,557,000 after acquiring an additional 168,185 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Verisk Analytics by 1.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 1,891,337 shares of the business services provider’s stock worth $251,553,000 after acquiring an additional 22,889 shares in the last quarter. Northern Trust Corp increased its stake in shares of Verisk Analytics by 1.1% in the 1st quarter. Northern Trust Corp now owns 1,890,383 shares of the business services provider’s stock worth $251,422,000 after acquiring an additional 21,404 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Verisk Analytics by 8.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,350,979 shares of the business services provider’s stock worth $179,680,000 after acquiring an additional 102,887 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its stake in shares of Verisk Analytics by 3.4% in the 1st quarter. Champlain Investment Partners LLC now owns 1,172,675 shares of the business services provider’s stock worth $155,966,000 after acquiring an additional 38,835 shares in the last quarter. Institutional investors own 93.35% of the company’s stock.

About Verisk Analytics

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.

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Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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