Logan Capital Management Inc. Sells 4,228 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Logan Capital Management Inc. decreased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,499 shares of the business services provider’s stock after selling 4,228 shares during the period. Verisk Analytics makes up about 1.4% of Logan Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Logan Capital Management Inc.’s holdings in Verisk Analytics were worth $23,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Verisk Analytics by 82.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,767 shares of the business services provider’s stock worth $1,432,000 after acquiring an additional 4,863 shares in the last quarter. Ownership Capital B.V. increased its position in shares of Verisk Analytics by 6.5% during the first quarter. Ownership Capital B.V. now owns 846,310 shares of the business services provider’s stock worth $112,559,000 after acquiring an additional 51,976 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of Verisk Analytics by 10.9% during the first quarter. Hanseatic Management Services Inc. now owns 7,760 shares of the business services provider’s stock worth $1,032,000 after acquiring an additional 764 shares in the last quarter. AlphaStar Capital Management LLC increased its position in shares of Verisk Analytics by 23.9% during the first quarter. AlphaStar Capital Management LLC now owns 4,588 shares of the business services provider’s stock worth $610,000 after acquiring an additional 884 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Verisk Analytics by 32,696.0% during the first quarter. Pacer Advisors Inc. now owns 24,597 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 24,522 shares in the last quarter. 93.35% of the stock is owned by institutional investors.

In other news, CAO David J. Grover sold 3,000 shares of Verisk Analytics stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $144.25, for a total value of $432,750.00. Following the completion of the transaction, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at approximately $1,432,546.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher M. Foskett sold 10,078 shares of Verisk Analytics stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $146.54, for a total transaction of $1,476,830.12. Following the completion of the transaction, the director now directly owns 20,759 shares of the company’s stock, valued at approximately $3,042,023.86. The disclosure for this sale can be found here. Company insiders own 2.71% of the company’s stock.

A number of research firms recently weighed in on VRSK. Bank of America raised their target price on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. UBS Group raised their target price on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research report on Wednesday, July 10th. Finally, Deutsche Bank set a $137.00 target price on shares of Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $138.89.

Verisk Analytics stock opened at $153.23 on Friday. The company has a market capitalization of $25.00 billion, a P/E ratio of 37.28, a P/E/G ratio of 3.42 and a beta of 0.76. Verisk Analytics, Inc. has a 1-year low of $102.74 and a 1-year high of $155.49. The company has a fifty day simple moving average of $149.09. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 1.21.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. The business had revenue of $652.60 million during 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 firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, analysts predict that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.

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.

Featured Article: Bollinger Bands

Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK).

Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.