WCM Investment Management CA increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 662,322 shares of the business services provider’s stock after buying an additional 51,775 shares during the quarter. Verisk Analytics comprises 0.7% of WCM Investment Management CA’s portfolio, making the stock its 25th largest position. WCM Investment Management CA owned about 0.40% of Verisk Analytics worth $55,099,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of VRSK. Integrated Investment Consultants LLC grew its stake in shares of Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after buying an additional 418 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Verisk Analytics by 40.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 380 shares in the last quarter. Huntington National Bank grew its stake in Verisk Analytics by 29.6% during the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 354 shares in the last quarter. Advisory Services Network LLC grew its stake in Verisk Analytics by 300.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Verisk Analytics by 61.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares in the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.
A number of brokerages have weighed in on VRSK. Goldman Sachs Group, Inc. (The) began coverage on Verisk Analytics in a research note on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price objective for the company. Morgan Stanley restated an “equal weight” rating and set a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Cantor Fitzgerald restated a “buy” rating and set a $92.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. SunTrust Banks, Inc. restated a “hold” rating and set a $85.00 price objective on shares of Verisk Analytics in a research note on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “buy” rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $88.29.
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In related news, Director David B. Wright sold 10,000 shares of Verisk Analytics stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total value of $808,200.00. Following the transaction, the director now directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew G. Mills sold 1,232 shares of Verisk Analytics stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $82.50, for a total value of $101,640.00. Following the completion of the transaction, the director now owns 104,293 shares in the company, valued at $8,604,172.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 318,146 shares of company stock worth $27,443,084. 3.41% of the stock is owned by insiders.
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Shares of Verisk Analytics, Inc. (NASDAQ VRSK) traded down $0.09 during trading on Tuesday, reaching $90.12. The company’s stock had a trading volume of 888,900 shares, compared to its average volume of 805,057. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market cap of $14,840.00, a P/E ratio of 28.19, a P/E/G ratio of 3.20 and a beta of 0.76. Verisk Analytics, Inc. has a 52-week low of $75.60 and a 52-week high of $92.92.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The company had revenue of $549.10 million for the quarter, compared to analysts’ expectations of $527.97 million. During the same period last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. equities research analysts predict that Verisk Analytics, Inc. will post 3.17 earnings per share for the current year.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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