Verisk Analytics, Inc. (NASDAQ:VRSK) – Equities researchers at William Blair raised their FY2017 EPS estimates for shares of Verisk Analytics in a research report issued on Wednesday, according to Zacks Investment Research. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings per share of $3.18 for the year, up from their prior forecast of $3.15.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $549.10 million during the quarter, compared to analyst estimates of $527.97 million. During the same period last year, the company earned $0.84 EPS. Verisk Analytics’s revenue for the quarter was up 10.2% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This piece of content was first published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://weekherald.com/2017/11/15/verisk-analytics-inc-vrsk-forecasted-to-earn-fy2017-earnings-of-3-18-per-share.html.
Other analysts also recently issued reports about the company. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price target on shares of Verisk Analytics in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods set a $90.00 target price on Verisk Analytics and gave the company a “buy” rating in a research note on Monday, August 21st. Morgan Stanley restated an “equal weight” rating and issued a $82.00 target price (down from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $85.00 target price on shares of Verisk Analytics in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $88.29.
Shares of Verisk Analytics (NASDAQ:VRSK) opened at $91.11 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $92.92. The firm has a market capitalization of $14,842.04, a PE ratio of 28.16, a price-to-earnings-growth ratio of 3.20 and a beta of 0.76.
Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its position in shares of Verisk Analytics by 2.7% during the 2nd quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock worth $326,000 after buying an additional 104 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Verisk Analytics by 161.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock worth $770,000 after purchasing an additional 5,720 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of Verisk Analytics by 63.4% in the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock worth $16,552,000 after purchasing an additional 77,185 shares during the period. Dock Street Asset Management Inc. raised its holdings in shares of Verisk Analytics by 40.1% in the 2nd quarter. Dock Street Asset Management Inc. now owns 81,080 shares of the business services provider’s stock worth $6,841,000 after purchasing an additional 23,192 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Verisk Analytics in the 3rd quarter worth approximately $266,000. 93.65% of the stock is currently owned by hedge funds and other institutional investors.
In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total transaction of $808,200.00. Following the transaction, the director now owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David J. Grover sold 6,500 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $82.45, for a total transaction of $535,925.00. Following the transaction, the chief accounting officer now directly owns 13,028 shares in the company, valued at approximately $1,074,158.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,146 shares of company stock worth $27,443,084. 3.41% of the stock is owned by insiders.
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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