Verisign, Inc. (NASDAQ:VRSN) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $180.80.

Several research firms have commented on VRSN. Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a research note on Tuesday, April 30th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Citigroup reaffirmed a “neutral” rating and set a $195.00 price objective (up from $175.00) on shares of Verisign in a research note on Tuesday, March 5th. Finally, ValuEngine raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th.

In other news, Director Timothy Tomlinson sold 378 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $199.55, for a total transaction of $75,429.90. Following the completion of the transaction, the director now directly owns 34,094 shares of the company’s stock, valued at approximately $6,803,457.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Verisign by 3.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,578 shares of the information services provider’s stock worth $278,000 after buying an additional 51 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Verisign by 3.4% during the 1st quarter. First Republic Investment Management Inc. now owns 1,737 shares of the information services provider’s stock worth $315,000 after buying an additional 57 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Verisign by 3.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,750 shares of the information services provider’s stock worth $319,000 after buying an additional 59 shares in the last quarter. Suntrust Banks Inc. increased its stake in Verisign by 3.8% in the 4th quarter. Suntrust Banks Inc. now owns 1,813 shares of the information services provider’s stock valued at $269,000 after purchasing an additional 66 shares in the last quarter. Finally, Brinker Capital Inc. increased its stake in Verisign by 0.6% in the 1st quarter. Brinker Capital Inc. now owns 11,591 shares of the information services provider’s stock valued at $2,104,000 after purchasing an additional 66 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

VRSN opened at $195.56 on Wednesday. The company has a market cap of $23.28 billion, a price-to-earnings ratio of 41.17 and a beta of 1.08. Verisign has a 52 week low of $126.52 and a 52 week high of $203.28.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.06. The firm had revenue of $306.41 million during the quarter, compared to the consensus estimate of $302.63 million. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. As a group, equities research analysts predict that Verisign will post 4.96 earnings per share for the current year.

Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

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