Verisk Analytics, Inc. (VRSK) Downgraded by Zacks Investment Research to Sell
Zacks Investment Research cut shares of Verisk Analytics, Inc. (NASDAQ:VRSK) from a hold rating to a sell rating in a report published on Tuesday morning.
According to Zacks, “With modest revenue coming from the U.K., Verisk is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. Verisk is susceptible to operational risks related to security breaches in its facilities and databases. Data theft and misuse by third-party contractors could also lead to loss of businesses and jeopardize the fundamental existence of the company. In addition, it is prone to high volatility of continued end-market headwinds affecting its energy business and environmental health and safety solutions. Verisk has also underperformed the industry year to date. However, a holistic growth model focused on organic growth and strategic acquisitions augurs well to strengthen its leading position in the market.”
VRSK has been the topic of several other research reports. BidaskClub raised Verisk Analytics from a sell rating to a hold rating in a research report on Thursday, June 15th. Morgan Stanley reaffirmed an equal weight rating and issued a $82.00 price target (down from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a hold rating on shares of Verisk Analytics in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the company a buy rating in a research note on Monday, August 21st. Finally, BMO Capital Markets increased their price target on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a market perform rating in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $85.38.
Verisk Analytics (NASDAQ VRSK) traded down 0.12% during trading on Tuesday, hitting $83.65. 244,876 shares of the stock traded hands. The company’s 50 day moving average price is $81.50 and its 200 day moving average price is $81.81. The company has a market cap of $13.77 billion, a P/E ratio of 30.41 and a beta of 0.70. Verisk Analytics has a 12 month low of $75.60 and a 12 month high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. Verisk Analytics’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. On average, equities research analysts anticipate that Verisk Analytics will post $3.14 EPS for the current fiscal year.
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In related news, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the transaction, the director now owns 9,989 shares in the company, valued at approximately $823,692.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the completion of the transaction, the director now owns 13,951 shares in the company, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,304 shares of company stock worth $1,410,728. Insiders own 3.41% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Eqis Capital Management Inc. lifted its position in Verisk Analytics by 4.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 16,682 shares of the business services provider’s stock worth $1,388,000 after acquiring an additional 772 shares during the period. Curbstone Financial Management Corp grew its stake in shares of Verisk Analytics by 108.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 14,100 shares of the business services provider’s stock valued at $1,173,000 after purchasing an additional 7,350 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Verisk Analytics by 61.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares during the last quarter. Sentry Investment Management LLC grew its stake in shares of Verisk Analytics by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 10,963 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 103 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Verisk Analytics by 17.5% in the second quarter. Toronto Dominion Bank now owns 63,762 shares of the business services provider’s stock valued at $5,381,000 after purchasing an additional 9,500 shares during the period. 93.27% of the stock is owned by institutional investors.
Verisk Analytics Company Profile
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.
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