Stephens Investment Management Group LLC grew its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 382,372 shares of the business services provider’s stock after purchasing an additional 3,504 shares during the quarter. Verisk Analytics makes up approximately 1.1% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 24th largest holding. Stephens Investment Management Group LLC’s holdings in Verisk Analytics were worth $56,002,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of VRSK. Harvest Group Wealth Management LLC bought a new position in shares of Verisk Analytics in the first quarter valued at about $26,000. Signaturefd LLC increased its position in Verisk Analytics by 112.8% during the first quarter. Signaturefd LLC now owns 200 shares of the business services provider’s stock worth $27,000 after acquiring an additional 106 shares during the period. Glassman Wealth Services increased its position in Verisk Analytics by 43.4% during the first quarter. Glassman Wealth Services now owns 248 shares of the business services provider’s stock worth $33,000 after acquiring an additional 75 shares during the period. Ropes Wealth Advisors LLC bought a new position in Verisk Analytics during the first quarter worth about $39,000. Finally, Meridian Wealth Management LLC bought a new position in Verisk Analytics during the first quarter worth about $53,000. 93.23% of the stock is currently owned by institutional investors.
In other Verisk Analytics news, Director David B. Wright sold 14,728 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the sale, the director now directly owns 26,207 shares in the company, valued at $3,988,443.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Constantine Iordanou sold 2,122 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $153.01, for a total transaction of $324,687.22. Following the sale, the director now owns 59,214 shares in the company, valued at $9,060,334.14. The disclosure for this sale can be found here. Insiders have sold 29,928 shares of company stock worth $4,475,722 over the last quarter. Corporate insiders own 2.71% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.10. The firm had revenue of $652.60 million for the quarter, compared to the consensus estimate of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. On average, sell-side analysts predict that Verisk Analytics, Inc. will post 4.43 earnings per share for the current year.
A number of equities analysts recently commented on the stock. Barclays reaffirmed a “buy” rating and set a $155.00 price target on shares of Verisk Analytics in a research report on Sunday, May 5th. Deutsche Bank set a $137.00 price target on shares of Verisk Analytics and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. BidaskClub raised shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Morgan Stanley set a $132.00 price target on shares of Verisk Analytics and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $138.89.
Verisk Analytics 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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