VeriSign, Inc. (VRSN) Stake Boosted by Advisor Partners LLC
Advisor Partners LLC raised its stake in VeriSign, Inc. (NASDAQ:VRSN) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,689 shares of the information services provider’s stock after buying an additional 134 shares during the period. Advisor Partners LLC’s holdings in VeriSign were worth $250,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its stake 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 valued at $105,000 after buying an additional 237 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of 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 in the last quarter. Global X Management Co. LLC increased its stake in shares of 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 in the last quarter. Pacer Advisors Inc. increased its stake in shares of 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 in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of 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 in the last quarter.
VeriSign, Inc. (NASDAQ:VRSN) opened at 97.95 on Friday. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $103.79. The stock has a market capitalization of $9.79 billion, a PE ratio of 26.70 and a beta of 1.20. The company’s 50-day moving average price is $97.47 and its 200 day moving average price is $89.78.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The firm had revenue of $289 million during the quarter, compared to the consensus estimate of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. On average, analysts forecast that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on VRSN. Zacks Investment Research upgraded VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 2nd. BidaskClub cut VeriSign from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Cowen and Company restated a “market perform” rating and issued a $94.00 price objective on shares of VeriSign in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $87.75.
In other news, Director Timothy Tomlinson sold 1,240 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by corporate insiders.
VeriSign Company Profile
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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