Neuberger Berman Group LLC decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,867,193 shares of the business services provider’s stock after selling 127,517 shares during the period. Neuberger Berman Group LLC’s holdings in Verisk Analytics were worth $225,090,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VRSK. Alps Advisors Inc. raised its position in shares of Verisk Analytics by 23.4% during the 2nd quarter. Alps Advisors Inc. now owns 7,109 shares of the business services provider’s stock valued at $765,000 after acquiring an additional 1,348 shares during the last quarter. Sei Investments Co. raised its position in shares of Verisk Analytics by 16.0% during the 2nd quarter. Sei Investments Co. now owns 78,716 shares of the business services provider’s stock valued at $8,473,000 after acquiring an additional 10,842 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Verisk Analytics by 67.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 57,833 shares of the business services provider’s stock valued at $6,225,000 after acquiring an additional 23,224 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Verisk Analytics by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,330,910 shares of the business services provider’s stock valued at $143,260,000 after acquiring an additional 12,165 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Verisk Analytics by 17.7% during the 2nd quarter. Toronto Dominion Bank now owns 111,318 shares of the business services provider’s stock valued at $11,980,000 after acquiring an additional 16,757 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.
VRSK has been the subject of several recent research reports. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 22nd. Morgan Stanley reiterated a “hold” rating and set a $119.00 target price (up previously from $113.00) on shares of Verisk Analytics in a research report on Thursday, September 13th. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Bank of America initiated coverage on shares of Verisk Analytics in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $125.00 target price for the company. Finally, Robert W. Baird upped their price objective on shares of Verisk Analytics from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Buy” and a consensus price target of $116.00.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data 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 net margin of 27.94% and a return on equity of 31.53%. The business had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that Verisk Analytics, Inc. will post 4.15 earnings per share for the current fiscal year.
In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 3,090 shares of the stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $111.71, for a total transaction of $345,183.90. Following the completion of the transaction, the insider now owns 37,127 shares in the company, valued at approximately $4,147,457.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mark V. Anquillare sold 53,125 shares of the stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $115.18, for a total value of $6,118,937.50. Following the transaction, the chief operating officer now owns 114,644 shares of the company’s stock, valued at approximately $13,204,695.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,192 shares of company stock valued at $33,864,444. 3.19% of the stock is owned by corporate insiders.
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Verisk Analytics Profile
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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