Verisk Analytics (NASDAQ:VRSK) Upgraded to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Verisk Analytics (NASDAQ:VRSK) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

A number of other research firms have also recently commented on VRSK. Barclays lowered their price objective on shares of Verisk Analytics from $170.00 to $165.00 and set an overweight rating for the company in a research report on Thursday, April 9th. Bank of America lowered their price objective on shares of Verisk Analytics from $176.00 to $160.00 and set a neutral rating for the company in a research report on Monday, April 20th. Zacks Investment Research cut shares of Verisk Analytics from a buy rating to a hold rating and set a $169.00 price objective for the company. in a research report on Monday, April 20th. Morgan Stanley lowered their price objective on shares of Verisk Analytics from $181.00 to $178.00 and set a buy rating for the company in a research report on Thursday, May 7th. Finally, Royal Bank of Canada started coverage on shares of Verisk Analytics in a research report on Monday, March 30th. They issued a sector perform rating and a $144.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $166.07.

Shares of Verisk Analytics stock opened at $164.34 on Tuesday. The firm has a fifty day moving average of $163.40 and a two-hundred day moving average of $156.37. The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 3.38 and a beta of 0.71. Verisk Analytics has a 52 week low of $116.61 and a 52 week high of $173.77. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.13 by $0.04. The company had revenue of $689.80 million during the quarter, compared to analysts’ expectations of $677.79 million. Verisk Analytics had a net margin of 18.23% and a return on equity of 34.93%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, research analysts forecast that Verisk Analytics will post 4.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.66%. Verisk Analytics’s dividend payout ratio is 24.66%.

In related news, Director Samuel G. Liss sold 16,851 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $163.34, for a total value of $2,752,442.34. Following the completion of the sale, the director now directly owns 54,889 shares in the company, valued at approximately $8,965,569.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David J. Grover sold 4,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $170.90, for a total transaction of $769,050.00. Following the completion of the sale, the chief accounting officer now owns 12,264 shares of the company’s stock, valued at $2,095,917.60. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.

Large investors have recently modified their holdings of the stock. FDx Advisors Inc. raised its holdings in Verisk Analytics by 233.9% in the 1st quarter. FDx Advisors Inc. now owns 20,256 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 14,189 shares during the period. Orion Portfolio Solutions LLC bought a new position in Verisk Analytics in the 4th quarter valued at about $36,000. Truvestments Capital LLC bought a new position in Verisk Analytics in the 1st quarter valued at about $42,000. Key Financial Inc bought a new position in Verisk Analytics in the 1st quarter valued at about $44,000. Finally, Citizens Financial Group Inc RI raised its holdings in Verisk Analytics by 36.9% in the 1st quarter. Citizens Financial Group Inc RI now owns 319 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 88.86% of the company’s stock.

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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Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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