HRT Financial LLC purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,477 shares of the business services provider’s stock, valued at approximately $266,000.
Several other hedge funds also recently made changes to their positions in VRSK. Waddell & Reed Financial Inc. increased its stake in Verisk Analytics by 729.7% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,836,705 shares of the business services provider’s stock worth $197,703,000 after purchasing an additional 1,615,337 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Verisk Analytics by 17.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock worth $726,290,000 after purchasing an additional 987,698 shares in the last quarter. Franklin Resources Inc. increased its stake in Verisk Analytics by 44.8% during the 1st quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock worth $288,485,000 after purchasing an additional 858,233 shares in the last quarter. Fayez Sarofim & Co bought a new stake in Verisk Analytics during the 1st quarter worth approximately $49,920,000. Finally, Unigestion Holding SA bought a new stake in Verisk Analytics during the 2nd quarter worth approximately $41,819,000. 92.33% of the stock is owned by institutional investors.
A number of research firms recently issued reports on VRSK. Morgan Stanley reissued a “hold” rating and set a $119.00 target price (up from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 5th. Keefe, Bruyette & Woods cut Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a research note on Thursday, August 2nd. SunTrust Banks reissued a “hold” rating and set a $109.00 target price on shares of Verisk Analytics in a research note on Wednesday, August 1st. Finally, Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Tuesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Verisk Analytics has a consensus rating of “Hold” and a consensus price target of $106.62.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, July 31st. The business services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.05. The company had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $586.22 million. Verisk Analytics had a net margin of 26.58% and a return on equity of 31.35%. As a group, sell-side analysts expect that Verisk Analytics, Inc. will post 4.16 EPS for the current fiscal year.
In other news, COO Mark V. Anquillare sold 53,125 shares of the stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $111.64, for a total value of $5,930,875.00. Following the completion of the sale, the chief operating officer now owns 114,128 shares of the company’s stock, valued at approximately $12,741,249.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Lee Shavel acquired 312 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was bought at an average cost of $119.82 per share, with a total value of $37,383.84. Following the acquisition, the chief financial officer now owns 29,110 shares in the company, valued at approximately $3,487,960.20. The disclosure for this purchase can be found here. Insiders have sold a total of 466,181 shares of company stock valued at $54,039,269 over the last ninety days. Company insiders own 3.19% of the company’s stock.
About Verisk Analytics
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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