Investors Sell Shares of Verisk Analytics Inc. (VRSK) on Strength (VRSK)
Traders sold shares of Verisk Analytics Inc. (NASDAQ:VRSK) on strength during trading on Wednesday. $12.80 million flowed into the stock on the tick-up and $33.57 million flowed out of the stock on the tick-down, for a money net flow of $20.77 million out of the stock. Of all stocks tracked, Verisk Analytics had the 0th highest net out-flow for the day. Verisk Analytics traded up $0.17 for the day and closed at $81.76
Several analysts have recently issued reports on the stock. Cantor Fitzgerald reissued a “buy” rating on shares of Verisk Analytics in a research note on Thursday, April 28th. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Finally, Morgan Stanley reissued a “buy” rating and set a $88.00 price objective on shares of Verisk Analytics in a research note on Monday, May 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $84.44.
The stock has a market cap of $13.81 billion and a PE ratio of 23.45. The company has a 50-day moving average price of $83.18 and a 200 day moving average price of $78.06.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The company had revenue of $498.30 million for the quarter, compared to analyst estimates of $504.44 million. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Equities research analysts expect that Verisk Analytics Inc. will post $3.00 earnings per share for the current fiscal year.
In related news, Director John F. Lehman sold 1,996 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $79.14, for a total value of $157,963.44. Following the completion of the sale, the director now owns 104,515 shares in the company, valued at approximately $8,271,317.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Wright sold 10,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $79.26, for a total transaction of $812,415.00. Following the completion of the sale, the director now owns 16,379 shares of the company’s stock, valued at approximately $1,298,199.54. The disclosure for this sale can be found here.
Other large investors have recently modified their holdings of the company. Utah Retirement Systems increased its stake in shares of Verisk Analytics by 0.3% in the fourth quarter. Utah Retirement Systems now owns 30,320 shares of the company’s stock valued at $2,331,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $1,159,000. Mutual of America Capital Management LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $1,329,000. State of Tennessee Treasury Department purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $1,684,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Verisk Analytics during the fourth quarter valued at approximately $2,622,000.
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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