Oppenheimer & Co. Inc. reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 36.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,695 shares of the business services provider’s stock after selling 2,748 shares during the period. Oppenheimer & Co. Inc.’s holdings in Verisk Analytics were worth $566,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of VRSK. LPL Financial LLC grew its position in Verisk Analytics by 27.4% in the first quarter. LPL Financial LLC now owns 10,364 shares of the business services provider’s stock valued at $1,078,000 after acquiring an additional 2,230 shares during the last quarter. Allianz Asset Management GmbH grew its position in Verisk Analytics by 6.9% in the first quarter. Allianz Asset Management GmbH now owns 529,387 shares of the business services provider’s stock valued at $55,056,000 after acquiring an additional 33,988 shares during the last quarter. DnB Asset Management AS grew its position in Verisk Analytics by 3.5% in the second quarter. DnB Asset Management AS now owns 20,951 shares of the business services provider’s stock valued at $2,255,000 after acquiring an additional 700 shares during the last quarter. IFM Investors Pty Ltd grew its position in Verisk Analytics by 47.6% in the second quarter. IFM Investors Pty Ltd now owns 7,123 shares of the business services provider’s stock valued at $767,000 after acquiring an additional 2,298 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Verisk Analytics by 787.4% in the second quarter. CENTRAL TRUST Co now owns 2,192 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 1,945 shares during the last quarter. 92.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of VRSK stock opened at $120.95 on Thursday. Verisk Analytics, Inc. has a 12 month low of $89.65 and a 12 month high of $122.80. The stock has a market cap of $19.57 billion, a PE ratio of 37.68, a PEG ratio of 2.46 and a beta of 0.58. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $596.79 million. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts predict that Verisk Analytics, Inc. will post 4.15 EPS for the current year.
A number of research analysts have issued reports on the company. Morgan Stanley lifted their target price on Verisk Analytics from $107.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, July 18th. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Robert W. Baird lifted their target price on Verisk Analytics from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. SunTrust Banks reissued a “hold” rating and set a $109.00 price target on shares of Verisk Analytics in a research note on Wednesday, August 1st. Finally, BidaskClub lowered Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Verisk Analytics currently has an average rating of “Hold” and an average target price of $110.38.
In related news, Director Christopher M. Foskett sold 5,300 shares of Verisk Analytics stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $115.86, for a total value of $614,058.00. Following the transaction, the director now directly owns 13,091 shares of the company’s stock, valued at $1,516,723.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $121.97, for a total value of $365,910.00. Following the completion of the transaction, the director now directly owns 82,605 shares in the company, valued at $10,075,331.85. The disclosure for this sale can be found here. Over the last three months, insiders have bought 945 shares of company stock worth $112,226 and have sold 302,275 shares worth $35,696,533. Company insiders own 3.19% of the company’s stock.
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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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