TimesSquare Capital Management LLC Lowers Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

TimesSquare Capital Management LLC lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 20.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 493,560 shares of the business services provider’s stock after selling 125,475 shares during the period. TimesSquare Capital Management LLC’s holdings in Verisk Analytics were worth $78,052,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Greenleaf Trust raised its position in shares of Verisk Analytics by 2.8% during the 2nd quarter. Greenleaf Trust now owns 2,634 shares of the business services provider’s stock valued at $386,000 after buying an additional 71 shares in the last quarter. Meridian Wealth Management LLC raised its position in shares of Verisk Analytics by 18.8% during the 2nd quarter. Meridian Wealth Management LLC now owns 475 shares of the business services provider’s stock valued at $70,000 after buying an additional 75 shares in the last quarter. Doliver Advisors LP raised its position in shares of Verisk Analytics by 1.3% during the 3rd quarter. Doliver Advisors LP now owns 5,945 shares of the business services provider’s stock valued at $928,000 after buying an additional 76 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of Verisk Analytics by 1.2% during the 2nd quarter. First Allied Advisory Services Inc. now owns 7,133 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 82 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in shares of Verisk Analytics by 4.0% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 2,429 shares of the business services provider’s stock valued at $356,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Several analysts have recently weighed in on VRSK shares. BidaskClub cut shares of Verisk Analytics from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 5th. Robert W. Baird raised their price objective on shares of Verisk Analytics from $137.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Bank of America raised their price objective on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their price objective on shares of Verisk Analytics from $164.00 to $162.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Finally, William Blair restated an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Verisk Analytics has an average rating of “Hold” and a consensus price target of $148.20.

Shares of VRSK stock traded up $0.70 on Tuesday, hitting $138.08. 1,049,700 shares of the company’s stock traded hands, compared to its average volume of 762,659. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.85 and a current ratio of 0.85. Verisk Analytics, Inc. has a one year low of $102.74 and a one year high of $164.97. The company’s fifty day simple moving average is $151.32 and its 200 day simple moving average is $149.99. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.97 and a beta of 0.68.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). Verisk Analytics had a net margin of 18.23% and a return on equity of 33.57%. The business had revenue of $652.70 million for the quarter, compared to the consensus estimate of $650.34 million. During the same period in the prior year, the business posted $1.08 EPS. Verisk Analytics’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Verisk Analytics, Inc. will post 4.39 earnings per share for the current fiscal year.

In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 46,229 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $156.87, for a total value of $7,251,943.23. Following the sale, the insider now owns 53,922 shares of the company’s stock, valued at approximately $8,458,744.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vincent De P. Mccarthy sold 3,591 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $157.85, for a total transaction of $566,839.35. Following the completion of the sale, the insider now directly owns 36,033 shares in the company, valued at approximately $5,687,809.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,661 shares of company stock worth $12,025,536. 2.71% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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