Pitcairn Co. trimmed its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 32.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,984 shares of the business services provider’s stock after selling 967 shares during the period. Pitcairn Co.’s holdings in Verisk Analytics were worth $337,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in VRSK. Guggenheim Capital LLC lifted its position in shares of Verisk Analytics by 7.4% in the fourth quarter. Guggenheim Capital LLC now owns 70,820 shares of the business services provider’s stock valued at $10,577,000 after buying an additional 4,903 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at approximately $13,759,000. Macquarie Group Ltd. lifted its position in shares of Verisk Analytics by 82.7% in the fourth quarter. Macquarie Group Ltd. now owns 4,750 shares of the business services provider’s stock valued at $709,000 after buying an additional 2,150 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Verisk Analytics by 17.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,008 shares of the business services provider’s stock valued at $145,000 after buying an additional 148 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Verisk Analytics by 5.9% in the first quarter. Fulton Bank N.A. now owns 3,374 shares of the business services provider’s stock valued at $470,000 after buying an additional 189 shares during the last quarter. 88.82% of the stock is owned by institutional investors.
In other news, Director Samuel G. Liss sold 16,851 shares of Verisk Analytics stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $163.34, for a total value of $2,752,442.34. Following the transaction, the director now owns 54,889 shares in the company, valued at approximately $8,965,569.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David J. Grover sold 4,500 shares of Verisk Analytics stock in a transaction on Friday, May 29th. The shares were sold at an average price of $170.90, for a total value of $769,050.00. Following the completion of the transaction, the chief accounting officer now owns 12,264 shares in the company, valued at approximately $2,095,917.60. The disclosure for this sale can be found here. Company insiders own 2.55% of the company’s stock.
Verisk Analytics stock opened at $188.71 on Friday. The stock’s fifty day moving average price is $172.13 and its two-hundred day moving average price is $160.45. Verisk Analytics, Inc. has a one year low of $116.61 and a one year high of $188.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $30.62 billion, a PE ratio of 64.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.71.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. Verisk Analytics had a return on equity of 34.93% and a net margin of 18.23%. The firm had revenue of $689.80 million for the quarter, compared to analyst estimates of $677.79 million. During the same quarter last year, the company earned $1.03 EPS. The company’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that Verisk Analytics, Inc. will post 4.74 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on VRSK shares. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. BMO Capital Markets lowered their target price on Verisk Analytics from $165.00 to $156.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. Robert W. Baird increased their target price on Verisk Analytics from $163.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Bank of America lowered their target price on Verisk Analytics from $176.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Zacks Investment Research lowered Verisk Analytics from a “buy” rating to a “hold” rating and set a $169.00 target price on the stock. in a research note on Monday, April 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Verisk Analytics presently has an average rating of “Hold” and an average target price of $167.00.
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.
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