Verisk Analytics (VRSK) Downgraded by Zacks Investment Research
Verisk Analytics (NASDAQ:VRSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “Verisk continuously seeks to expand its portfolio by leveraging its deep knowledge and embedded position to develop new, proprietary data sets and predictive analytics. The company has extended its scalable data and analytic solutions by steadily putting resources into overseas markets. The scalability of its products has further led to highly cash-generative businesses characterized by high net margins and relatively low capital intensity. Verisk has also outperformed the industry in the last three months. However, Verisk is susceptible to operational risks related to security breaches in its facilities and databases, resulting in a loss of credibility. With modest revenue coming from the U.K., Verisk is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. The company is also susceptible to high volatility related to end-market headwinds in environmental health and safety solutions.”
A number of other analysts have also weighed in on VRSK. BMO Capital Markets reissued a “hold” rating and set a $83.00 price objective on shares of Verisk Analytics in a research note on Friday, September 15th. Royal Bank of Canada reissued a “hold” rating and set a $78.00 price objective on shares of Verisk Analytics in a research note on Friday, October 13th. Morgan Stanley raised their price target on Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $92.00 price target on shares of Verisk Analytics in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.64.
Verisk Analytics (NASDAQ:VRSK) traded up $0.83 during trading hours on Friday, hitting $97.50. The stock had a trading volume of 734,536 shares, compared to its average volume of 704,608. The stock has a market capitalization of $15,920.77, a price-to-earnings ratio of 35.85, a PEG ratio of 3.16 and a beta of 0.80. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $98.60. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $549.10 million during the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. equities research analysts forecast that Verisk Analytics will post 3.17 EPS for the current fiscal year.
In related news, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $92.72, for a total value of $278,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lee Shavel acquired 388 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was purchased at an average price of $96.61 per share, with a total value of $37,484.68. Following the acquisition, the chief financial officer now owns 22,729 shares of the company’s stock, valued at approximately $2,195,848.69. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 22,978 shares of company stock valued at $2,098,817 and sold 327,172 shares valued at $28,591,387. Company insiders own 3.41% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC raised its holdings in Verisk Analytics by 2.7% in the second quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock worth $326,000 after purchasing an additional 104 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Verisk Analytics by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 691,437 shares of the business services provider’s stock worth $57,522,000 after purchasing an additional 66,868 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in Verisk Analytics by 12.0% in the third quarter. First Republic Investment Management Inc. now owns 10,763 shares of the business services provider’s stock worth $895,000 after purchasing an additional 1,157 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Verisk Analytics by 1.6% in the third quarter. New York State Common Retirement Fund now owns 496,897 shares of the business services provider’s stock worth $41,337,000 after purchasing an additional 7,819 shares in the last quarter. Finally, YCG LLC raised its holdings in Verisk Analytics by 17.2% in the third quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock worth $10,881,000 after purchasing an additional 19,182 shares in the last quarter. Institutional investors and hedge funds own 92.84% of the company’s stock.
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About Verisk Analytics
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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