Ayrshire Capital Management LLC grew its position in Verisk Analytics, Inc. (NASDAQ: VRSK – Get Rating) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,686 shares of the business services provider’s stock after buying an additional 193 shares during the period. Verisk Analytics accounts for approximately 2.6% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Ayrshire Capital Management LLC’s holdings in Verisk Analytics were worth $ 4,440,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Verisk Analytics by 1.2% in the 4th quarter. BlackRock Inc. now owns 11,684,093 shares of the business services provider’s stock worth $ 2,672,505,000 after purchasing an additional 142,747 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Verisk Analytics by 2.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,302,061 shares of the business services provider’s stock worth $ 1,670,200,000 after purchasing an additional 144,892 shares during the last quarter. State Street Corp boosted its position in shares of Verisk Analytics by 0.9% in the 4th quarter. State Street Corp now owns 6,897,297 shares of the business services provider’s stock worth $ 1,577,619,000 after purchasing an additional 60,460 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Verisk Analytics by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 3,415,064 shares of the business services provider’s stock worth $ 779,419,000 after purchasing an additional 344,057 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Verisk Analytics by 13.8% in the 4th quarter. Brown Advisory Inc. now owns 2,991,164 shares of the business services provider’s stock worth $ 684,171,000 after purchasing an additional 363,006 shares during the last quarter. 91.29% of the stock is owned by institutional investors.
Several research firms have weighed in on VRSK. StockNews.com upgraded Verisk Analytics from a “hold” rating to a “buy” rating in a report on Friday, June 17th. Royal Bank of Canada lifted their target price on Verisk Analytics from $ 210.00 to $ 230.00 and gave the stock an “outperform” rating in a report on Thursday, April 14th. Bank of America assumed coverage on Verisk Analytics in a report on Friday, March 11th. They set an “underperform” rating on the stock. BMO Capital Markets cut their price target on Verisk Analytics from $ 225.00 to $ 205.00 and set a “hold” rating on the stock in a report on Thursday, May 5th. Finally, Raymond James cut their price target on Verisk Analytics from $ 240.00 to $ 220.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $ 220.89.
Shares of NASDAQ VRSK opened at $ 168.94 on Wednesday. The business’s 50 day moving average price is $ 179.25 and its two-hundred day moving average price is $ 195.70. The company has a market cap of $ 26.68 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.97 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.88. Verisk Analytics, Inc. has a twelve month low of $ 156.05 and a twelve month high of $ 231.57.
Verisk Analytics (NASDAQ: VRSK – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $ 1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $ 1.39 by ($ 0.05). The business had revenue of $ 775.50 million for the quarter, compared to analyst estimates of $ 773.79 million. Verisk Analytics had a return on equity of 32.10% and a net margin of 32.92%. Verisk Analytics’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $ 1.23 EPS. As a group, research analysts anticipate that Verisk Analytics, Inc. will post 5.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $ 0.31 per share. This represents a $ 1.24 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, June 14th. Verisk Analytics’s dividend payout ratio is presently 20.06%.
In related news, CEO Scott G. Stephenson sold 2,144 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $ 172.82, for a total value of $ 370,526.08. Following the completion of the sale, the chief executive officer now directly owns 712,256 shares in the company, valued at $ 123,092,081.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Lee Shavel sold 483 shares of the company stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $ 203.64, for a total transaction of $ 98,358.12. Following the transaction, the chief financial officer now owns 39,644 shares of the company stock, valued at $ 8,073,104.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,511 shares of company stock valued at $ 31,676,373. Corporate insiders own 1.78% of the company stock.
About Verisk Analytics: (Get Rating)
Verisk Analytics, Inc. provides data analytics solutions in the United States and internationally. 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, economic forecasting, commercial banking and finance, and various other fields.
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