Tandem Capital Management Corp ADV Boosts Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Tandem Capital Management Corp ADV raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 25.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,683 shares of the business services provider’s stock after acquiring an additional 2,397 shares during the period. Verisk Analytics makes up 1.4% of Tandem Capital Management Corp ADV’s investment portfolio, making the stock its 29th largest position. Tandem Capital Management Corp ADV’s holdings in Verisk Analytics were worth $2,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. increased its stake in shares of Verisk Analytics by 3.7% in the first quarter. Alliancebernstein L.P. now owns 3,883,991 shares of the business services provider’s stock worth $686,263,000 after purchasing an additional 139,195 shares in the last quarter. Flossbach Von Storch AG increased its stake in shares of Verisk Analytics by 460.0% in the first quarter. Flossbach Von Storch AG now owns 2,620,947 shares of the business services provider’s stock worth $463,095,000 after purchasing an additional 2,152,947 shares in the last quarter. Ownership Capital B.V. increased its stake in shares of Verisk Analytics by 9.6% in the first quarter. Ownership Capital B.V. now owns 1,916,413 shares of the business services provider’s stock worth $338,611,000 after purchasing an additional 167,152 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Verisk Analytics by 15.8% in the fourth quarter. Brown Advisory Inc. now owns 1,832,729 shares of the business services provider’s stock worth $380,456,000 after purchasing an additional 249,817 shares in the last quarter. Finally, Credit Suisse AG increased its stake in shares of Verisk Analytics by 5.7% in the fourth quarter. Credit Suisse AG now owns 1,769,586 shares of the business services provider’s stock worth $367,347,000 after purchasing an additional 95,736 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

In related news, insider Nicholas Daffan sold 6,371 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $167.87, for a total transaction of $1,069,499.77. Following the completion of the sale, the insider now directly owns 30,028 shares in the company, valued at approximately $5,040,800.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher M. Foskett sold 486 shares of the company’s stock in a transaction on Monday, March 29th. The shares were sold at an average price of $180.00, for a total transaction of $87,480.00. Following the sale, the director now owns 18,498 shares of the company’s stock, valued at $3,329,640. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,898 shares of company stock valued at $7,070,858. Company insiders own 2.28% of the company’s stock.

Shares of VRSK traded up $0.23 during mid-day trading on Friday, reaching $171.05. The company’s stock had a trading volume of 9,040 shares, compared to its average volume of 1,011,963. The firm has a market capitalization of $27.73 billion, a PE ratio of 39.73, a PEG ratio of 3.44 and a beta of 0.78. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.64 and a current ratio of 0.64. Verisk Analytics, Inc. has a 52 week low of $159.17 and a 52 week high of $210.66. The stock’s fifty day moving average price is $178.45.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Monday, May 3rd. The business services provider reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.02). The business had revenue of $726.10 million during the quarter, compared to the consensus estimate of $725.93 million. Verisk Analytics had a return on equity of 33.51% and a net margin of 25.16%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, sell-side analysts expect that Verisk Analytics, Inc. will post 5.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a $0.29 dividend. The ex-dividend date is Monday, June 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.68%. Verisk Analytics’s payout ratio is 23.02%.

VRSK has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Verisk Analytics from $201.00 to $197.00 and set an “overweight” rating for the company in a research note on Thursday, May 6th. Raymond James raised shares of Verisk Analytics from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Monday, March 8th. Deutsche Bank Aktiengesellschaft raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and boosted their price objective for the company from $192.00 to $196.00 in a research note on Monday, March 8th. Finally, UBS Group raised shares of Verisk Analytics from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $196.00 to $177.00 in a research note on Monday, March 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Buy” and an average price target of $202.67.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It 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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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