VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by First Quadrant L P CA
First Quadrant L P CA reduced its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 86.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,700 shares of the information services provider’s stock after selling 154,579 shares during the period. First Quadrant L P CA’s holdings in VeriSign were worth $2,296,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in VRSN. Ladenburg Thalmann Financial Services Inc. increased its stake in 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 in the last quarter. Thrivent Financial for Lutherans increased its stake in VeriSign by 4.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,160 shares of the information services provider’s stock worth $240,000 after buying an additional 130 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in VeriSign during the fourth quarter worth approximately $1,857,000. USA Financial Portformulas Corp purchased a new stake in VeriSign during the fourth quarter worth approximately $591,000. Finally, Kentucky Retirement Systems purchased a new stake in VeriSign during the fourth quarter worth approximately $502,000.
Shares of VeriSign, Inc. (VRSN) opened at 99.96 on Tuesday. VeriSign, Inc. has a 52 week low of $74.01 and a 52 week high of $100.28. The firm’s 50-day moving average price is $94.44 and its 200 day moving average price is $88.00. The company has a market capitalization of $10.14 billion, a PE ratio of 28.24 and a beta of 1.18.
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 the Zacks’ consensus estimate of $0.86. VeriSign had a net margin of 39.13% and a negative return on equity of 36.75%. The business had revenue of $288.60 million for the quarter, compared to analyst estimates of $284.70 million. During the same period last year, the company posted $0.85 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Equities analysts predict that VeriSign, Inc. will post $3.97 EPS for the current year.
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A number of equities research analysts recently commented on VRSN shares. Cowen and Company boosted their target price on VeriSign from $89.00 to $94.00 and gave the stock a “market perform” rating in a research report on Monday, April 3rd. Citigroup Inc. upgraded VeriSign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. Zacks Investment Research upgraded VeriSign from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. VeriSign currently has an average 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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