VeriSign, Inc. (VRSN) Holdings Trimmed by Stephens Inc. AR
Stephens Inc. AR decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 10.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,319 shares of the information services provider’s stock after selling 6,107 shares during the period. Stephens Inc. AR owned about 0.05% of VeriSign worth $4,678,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock valued at $671,330,000 after buying an additional 7,293,666 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in VeriSign in the second quarter valued at $350,000. SG Americas Securities LLC increased its holdings in VeriSign by 37.0% in the first quarter. SG Americas Securities LLC now owns 27,559 shares of the information services provider’s stock valued at $2,401,000 after buying an additional 7,443 shares in the last quarter. Virtu Financial LLC purchased a new position in VeriSign in the second quarter valued at $211,000. Finally, Vanguard Group Inc. increased its holdings in VeriSign by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock valued at $739,561,000 after buying an additional 58,352 shares in the last quarter.
VeriSign, Inc. (VRSN) traded down 0.97% on Tuesday, reaching $103.63. 73,879 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $100.65 and a 200-day moving average price of $92.62. The company has a market capitalization of $10.35 billion, a P/E ratio of 28.24 and a beta of 1.18. VeriSign, Inc. has a 1-year low of $74.46 and a 1-year high of $105.00.
VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The company had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $287.47 million. During the same quarter last year, the business earned $0.91 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that VeriSign, Inc. will post $3.97 earnings per share for the current year.
In other news, Director Timothy Tomlinson sold 1,240 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total value of $125,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen A. Cote sold 1,500 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the transaction, the director now owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.
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A number of research firms have weighed in on VRSN. Robert W. Baird reaffirmed a “hold” rating and issued a $105.00 price objective on shares of VeriSign in a report on Thursday, August 31st. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $94.00 price objective on shares of VeriSign in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. VeriSign currently has an average rating of “Hold” and an average price target of $92.75.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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