Verisk Analytics (NASDAQ:VRSK), a predictive analytics provider, continues to attract institutional interest despite a decrease in total institutional shares. The number of institutions investing in Verisk has risen by 7.41% to 1681, with an average portfolio weight increase of 5.04%. This growth comes even as total institutional shares dropped by 4.84% to 156,280K shares. The company's put/call ratio currently stands at 0.21, signaling bullish sentiment in the market.
Truist Securities maintains a Buy recommendation for Verisk, forecasting a potential increase of 5.62% from its current price of $242.52 to a one-year price target of $256.16. The firm's projected annual revenue is expected to reach $2,667MM, up by 3.89%, with a non-GAAP EPS of $5.71. This aligns with Verisk's impressive revenue growth of 14.34% as noted by InvestingPro data.
Over 70% of the FORTUNE 100 companies utilize Verisk's advanced technologies for improved operating efficiency. The company offers solutions for insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, and ESG matters. The company's gross profit margin stands at a robust 67.53% according to InvestingPro data, indicating the profitability of their operations.
Major shareholders include Massachusetts Financial Services with 7,130K shares or 4.92% ownership, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holding 4,524K shares or 3.12% ownership, Geode Capital Management owning 3,707K shares or 2.56% ownership, Parnassus Investments with 3,567K shares or 2.46% ownership, and VFINX - Vanguard 500 Index Fund Investor Shares holding 3,448K shares or 2.38% ownership.
The market has noted unusual options trades related to Verisk Analytics recently, further indicating the growing interest in the company. This interest is further justified by the company's strong performance over the last decade which is one of the InvestingPro Tips. The company's management has also been aggressively buying back shares, another positive sign for potential investors as per InvestingPro Tips.
Verisk's P/E Ratio stands at 72.6, with an adjusted P/E Ratio for LTM2023.Q2 at 136.36, according to InvestingPro data. This suggests that the company is trading at a high earnings multiple, a point also highlighted in the InvestingPro Tips. Despite this, the company's return on assets for LTM2023.Q2 is 8.52%, indicating efficient use of its assets.
The company's performance and potential make it a compelling choice for investors. For more insights and tips, check out InvestingPro's premium service, which offers additional tips and real-time metrics.
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