Bowie Capital Management LLC Has $16.87 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Bowie Capital Management LLC raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 14.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 62,955 shares of the business services provider’s stock after acquiring an additional 7,754 shares during the period. Verisk Analytics makes up about 0.9% of Bowie Capital Management LLC’s holdings, making the stock its 22nd largest position. Bowie Capital Management LLC’s holdings in Verisk Analytics were worth $16,869,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Verisk Analytics by 72.4% in the 1st quarter. Advisors Asset Management Inc. now owns 2,464 shares of the business services provider’s stock valued at $581,000 after acquiring an additional 1,035 shares in the last quarter. PEAK6 Investments LLC purchased a new position in shares of Verisk Analytics during the first quarter valued at approximately $495,000. BOKF NA grew its holdings in Verisk Analytics by 2.1% during the first quarter. BOKF NA now owns 5,852 shares of the business services provider’s stock worth $1,362,000 after buying an additional 119 shares in the last quarter. Captrust Financial Advisors raised its position in Verisk Analytics by 565.2% in the 1st quarter. Captrust Financial Advisors now owns 79,729 shares of the business services provider’s stock valued at $18,795,000 after buying an additional 67,744 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in Verisk Analytics by 35.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 15,895 shares of the business services provider’s stock valued at $3,747,000 after acquiring an additional 4,169 shares in the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK traded up $1.68 on Monday, hitting $292.41. The company’s stock had a trading volume of 12,138 shares, compared to its average volume of 782,784. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $292.41. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $41.29 billion, a PE ratio of 45.36, a PEG ratio of 3.64 and a beta of 0.86. The company has a 50-day simple moving average of $272.66 and a 200 day simple moving average of $268.59.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. Sell-side analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is currently 24.34%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI reiterated an “in-line” rating and issued a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. BMO Capital Markets upped their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Morgan Stanley lifted their price target on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Barclays upped their price objective on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $280.71, for a total transaction of $280,710.00. Following the completion of the sale, the chief executive officer now directly owns 53,163 shares in the company, valued at $14,923,385.73. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following the completion of the transaction, the chief financial officer now owns 15,608 shares in the company, valued at approximately $4,471,535.92. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,400 shares of company stock worth $678,764. 0.40% of the stock is currently owned by corporate insiders.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.