Rand Wealth LLC lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,107 shares of the information services provider’s stock after selling 1,000 shares during the period. Rand Wealth LLC’s holdings in VeriSign were worth $1,590,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VRSN. 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 worth $105,000 after buying an additional 237 shares in the last quarter. TrimTabs Asset Management LLC raised its position in VeriSign by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,341 shares of the information services provider’s stock valued at $117,000 after buying an additional 632 shares during the last quarter. Global X Management Co. LLC raised its position in 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 buying an additional 496 shares during the last quarter. Pacer Advisors Inc. raised its position in 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 buying an additional 55 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in 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 buying an additional 876 shares during the last quarter.

Shares of VeriSign, Inc. (NASDAQ VRSN) opened at 99.31 on Friday. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $103.79. The stock has a 50 day moving average price of $96.00 and a 200-day moving average price of $88.90. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 27.07 and a beta of 1.20.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $289 million for the quarter, compared to analysts’ expectations of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Analysts expect that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

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VRSN has been the topic of several recent research reports. Zacks Investment Research upgraded VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, May 2nd. Citigroup Inc. upgraded VeriSign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Finally, Cowen and Company restated a “market perform” rating and set a $94.00 price target on shares of VeriSign in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $87.75.

In other news, Director Timothy Tomlinson sold 1,240 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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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