Raymond James & Associates lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,209 shares of the business services provider’s stock after purchasing an additional 5,453 shares during the quarter. Raymond James & Associates’ holdings in Verisk Analytics were worth $10,668,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in VRSK. Harvest Group Wealth Management LLC purchased a new stake in Verisk Analytics in the 1st quarter valued at about $26,000. Bollard Group LLC purchased a new stake in Verisk Analytics in the 4th quarter valued at about $33,000. Executive Wealth Management LLC purchased a new stake in Verisk Analytics in the 4th quarter valued at about $33,000. Ropes Wealth Advisors LLC purchased a new stake in Verisk Analytics in the 1st quarter valued at about $39,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Verisk Analytics by 10,289.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,530,830 shares of the business services provider’s stock valued at $42,000 after buying an additional 4,487,221 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on VRSK shares. BidaskClub lowered shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 9th. Barclays reiterated a “buy” rating and issued a $155.00 price objective on shares of Verisk Analytics in a research note on Sunday, May 5th. Morgan Stanley set a $132.00 price objective on shares of Verisk Analytics and gave the company a “hold” rating in a research note on Thursday, May 2nd. SunTrust Banks increased their price objective on shares of Verisk Analytics to $150.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Finally, Deutsche Bank set a $137.00 price objective on shares of Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Hold” and a consensus price target of $130.00.
Verisk Analytics stock opened at $142.21 on Monday. Verisk Analytics, Inc. has a twelve month low of $102.74 and a twelve month high of $144.48. The company has a market cap of $23.27 billion, a PE ratio of 34.60, a P/E/G ratio of 3.18 and a beta of 0.80. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.03. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The firm had revenue of $625.00 million during the quarter, compared to the consensus estimate of $618.14 million. During the same period in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts expect that Verisk Analytics, Inc. will post 4.42 EPS for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s dividend payout ratio is currently 6.08%.
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Verisk Analytics Company 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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