11 Best Consulting Stocks to Buy Right Now

3. Verisk Analytics, Inc. (NASDAQ:VRSK)

Number of Hedge Fund Investors: 42

Verisk Analytics, Inc. (NASDAQ:VRSK) is a leading provider of risk assessment and decision-support solutions to the insurance and financial services industries. The company offers a wide array of solutions that help insurance, energy, and financial services companies to manage and mitigate risks.  Verisk Analytics, Inc.’s (NASDAQ:VRSK) commitment to innovation and strategic client engagement has been a key driver of its continued success, as evidenced by its strong subscription revenue growth and the introduction of new solutions such as Executive Insights reports. These solutions enhance the experience by providing unique and timely views of data that are critical for informed decision-making.

To drive future growth, Verisk Analytics, Inc. (NASDAQ:VRSK) is focusing on several strategic initiatives. The company is enhancing its go-to-market approach by intensifying and elevating its strategic dialogue with clients, which has led to improved industry-wide financial metrics and stronger relationships. This engagement is critical in identifying and capitalizing on new opportunities, such as the development of solutions for climate risks and resilience. The company is also committed to continuous innovation in its data sets and solutions, as seen in the recent enhancements to its claims data and the launch of the Future of Forms, a solution that addresses the complexity of policy updates and provides significant time savings for clients.

Furthermore, Verisk Analytics, Inc. (NASDAQ:VRSK) is investing in internal processes to improve efficiency and automation, such as the launch of a new mobile application for field representatives to complete assessments directly from the field. These internal improvements are designed to speed up cycle times, enhance data validation, and automate quality control processes.