Verisk Analytics (NASDAQ:VRSK) had its target price hoisted by investment analysts at Royal Bank of Canada to $100.00 in a research report issued on Friday, The Fly reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 1.83% from the company’s current price. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BMO Capital Markets raised their price target on shares of Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Goldman Sachs Group began coverage on shares of Verisk Analytics in a research note on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price target for the company. Credit Suisse Group raised their price target on shares of Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley lifted their target price on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Verisk Analytics has a consensus rating of “Hold” and an average target price of $93.36.

Shares of Verisk Analytics (NASDAQ VRSK) opened at $98.20 on Friday. The firm has a market capitalization of $16,141.45, a PE ratio of 36.10, a P/E/G ratio of 3.20 and a beta of 0.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45. Verisk Analytics has a 1 year low of $75.60 and a 1 year high of $98.72.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. analysts anticipate that Verisk Analytics will post 3.17 EPS for the current year.

In related news, EVP Kenneth E. Thompson sold 69,793 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $85.08, for a total value of $5,937,988.44. Following the completion of the transaction, the executive vice president now owns 72,815 shares in the company, valued at approximately $6,195,100.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Grover sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $92.45, for a total transaction of $647,150.00. Following the completion of the transaction, the chief accounting officer now owns 13,028 shares of the company’s stock, valued at approximately $1,204,438.60. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 22,978 shares of company stock valued at $2,098,817 and sold 264,946 shares valued at $23,292,843. Insiders own 3.41% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock valued at $464,275,000 after acquiring an additional 5,156,187 shares in the last quarter. Harding Loevner LP raised its holdings in shares of Verisk Analytics by 95.4% in the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock valued at $243,146,000 after purchasing an additional 2,855,204 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of Verisk Analytics by 154.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock valued at $134,247,000 after purchasing an additional 979,475 shares during the period. Vanguard Group Inc. grew its stake in Verisk Analytics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock valued at $1,295,340,000 after buying an additional 734,200 shares during the last quarter. Finally, Farallon Capital Management LLC acquired a new position in Verisk Analytics in the 2nd quarter valued at about $40,736,000. 92.91% of the stock is owned by institutional investors.

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About Verisk Analytics

Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.

The Fly

Analyst Recommendations for Verisk Analytics (NASDAQ:VRSK)

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