Just performed an update to Drupal 7.56. In the process I updated all modules, including Google Analytics. The weird thing is that on my machine, where I performed the update, Google Analytics updated just fine.
But, after placing the files onto the server, and updating the DB with a copy of my own, the server is saying Google Analytic is still in need of an update. Everything else appears fine.
I checked the files for the Google Analytics module, and they are indeed the updated version.