Federated Investors Inc. PA grew its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 27.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,972 shares of the information services provider’s stock after acquiring an additional 3,435 shares during the quarter. Federated Investors Inc. PA’s holdings in VeriSign were worth $1,484,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of VeriSign by 24.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock valued at $105,000 after acquiring an additional 237 shares during the period. Global X Management Co. LLC boosted its position in shares of VeriSign by 52.6% in the first quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock valued at $125,000 after acquiring an additional 496 shares during the period. Pacer Advisors Inc. boosted its position in shares of VeriSign by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock valued at $144,000 after acquiring an additional 55 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of VeriSign by 109.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 876 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of VeriSign by 5.1% in the first quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock valued at $148,000 after acquiring an additional 82 shares during the period.

Shares of VeriSign, Inc. (VRSN) opened at 103.73 on Wednesday. The company has a market cap of $10.36 billion, a PE ratio of 28.27 and a beta of 1.18. VeriSign, Inc. has a 12 month low of $74.46 and a 12 month high of $105.00. The stock has a 50 day moving average of $100.76 and a 200-day moving average of $92.71.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company had revenue of $289.00 million during the quarter, compared to analyst estimates of $287.47 million. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that VeriSign, Inc. will post $3.97 earnings per share for the current year.

A number of equities research analysts have recently issued reports on VRSN shares. Zacks Investment Research raised shares of VeriSign from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Wednesday, June 14th. BidaskClub cut shares of VeriSign from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Robert W. Baird reissued a “hold” rating and issued a $105.00 target price on shares of VeriSign in a research report on Thursday, August 31st. Finally, Cowen and Company reissued a “market perform” rating and issued a $94.00 target price on shares of VeriSign in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. VeriSign presently has an average rating of “Hold” and a consensus target price of $92.75.

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In related news, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total value of $125,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the completion of the sale, the director now directly 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. Company insiders own 0.92% of the company’s stock.

About VeriSign

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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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