VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,358 shares of the information services provider’s stock after selling 356 shares during the period. Capstone Asset Management Co.’s holdings in VeriSign were worth $1,149,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock worth $671,330,000 after buying an additional 7,293,666 shares during the period. SG Americas Securities LLC raised its position in shares of VeriSign by 37.0% in the first quarter. SG Americas Securities LLC now owns 27,559 shares of the information services provider’s stock worth $2,401,000 after buying an additional 7,443 shares during the period. Vanguard Group Inc. raised its position in shares of VeriSign by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock worth $739,561,000 after buying an additional 58,352 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of VeriSign by 13.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,464 shares of the information services provider’s stock worth $112,000 after buying an additional 174 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in shares of VeriSign during the first quarter worth approximately $4,797,000.
VeriSign, Inc. (NASDAQ:VRSN) opened at 98.84 on Friday. The company’s 50-day moving average price is $94.04 and its 200 day moving average price is $87.63. The company has a market cap of $10.03 billion, a PE ratio of 27.92 and a beta of 1.18. VeriSign, Inc. has a 52 week low of $74.01 and a 52 week high of $99.11.
VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, April 27th. The information services provider reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The company had revenue of $288.60 million during the quarter, compared to the consensus estimate of $284.70 million. VeriSign had a negative return on equity of 36.75% and a net margin of 39.13%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, analysts anticipate that VeriSign, Inc. will post $3.97 EPS for the current year.
VRSN has been the topic of a number of research analyst reports. Zacks Investment Research raised VeriSign from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Tuesday, May 30th. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Citigroup Inc. raised VeriSign from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 12th. Finally, Cowen and Company raised their target price on VeriSign from $89.00 to $94.00 and gave the company a “market perform” rating in a research note on Monday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. VeriSign presently has a consensus rating of “Hold” and an average target price of $87.80.
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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