VeriSign Inc. (NASDAQ:VRSN)’s share price fell 1.3% during trading on Monday . The stock traded as low as $81.74 and last traded at $82.13, with a volume of 645,667 shares. The stock had previously closed at $83.25.

Several research firms recently commented on VRSN. Zacks Investment Research lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. lifted their price objective on VeriSign from $84.00 to $88.00 and gave the stock an “underweight” rating in a report on Friday, July 29th.

The firm has a market cap of $8.04 billion and a P/E ratio of 23.9789. The stock has a 50 day moving average of $84.06 and a 200-day moving average of $84.98.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. During the same quarter last year, the company posted $0.74 EPS. The company had revenue of $286 million for the quarter, compared to the consensus estimate of $284.34 million. The business’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that VeriSign Inc. will post $3.49 earnings per share for the current fiscal year.

In other news, Director Timothy Tomlinson sold 1,477 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $85.30, for a total transaction of $125,988.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds have made changes to their positions in the stock. BlackRock Advisors LLC increased its stake in shares of VeriSign by 1.9% in the fourth quarter. BlackRock Advisors LLC now owns 290,745 shares of the company’s stock valued at $25,400,000 after buying an additional 5,340 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of VeriSign by 10.2% in the fourth quarter. Schroder Investment Management Group now owns 271,628 shares of the company’s stock valued at $23,730,000 after buying an additional 25,073 shares during the last quarter. Stephens Inc. AR increased its stake in shares of VeriSign by 2.8% in the fourth quarter. Stephens Inc. AR now owns 62,874 shares of the company’s stock valued at $5,493,000 after buying an additional 1,711 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of VeriSign during the fourth quarter valued at $4,562,000. Finally, Trexquant Investment LP acquired a new stake in shares of VeriSign during the fourth quarter valued at $1,354,000.

VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.

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