Investors sold shares of Verisign, Inc. (NASDAQ:VRSN) on strength during trading hours on Thursday. $9.47 million flowed into the stock on the tick-up and $37.51 million flowed out of the stock on the tick-down, for a money net flow of $28.04 million out of the stock. Of all companies tracked, Verisign had the 33rd highest net out-flow for the day. Verisign traded up $0.27 for the day and closed at $112.23

VRSN has been the subject of several recent research reports. Robert W. Baird set a $105.00 price target on shares of Verisign and gave the stock a “hold” rating in a research note on Friday, October 6th. Citigroup boosted their price target on shares of Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Cowen reissued a “hold” rating and issued a $103.00 price target on shares of Verisign in a research note on Sunday, October 29th. Zacks Investment Research downgraded shares of Verisign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Verisign from a “buy” rating to a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, Verisign presently has an average rating of “Hold” and a consensus price target of $106.33.

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45. The stock has a market cap of $11,060.00, a P/E ratio of 30.33 and a beta of 1.04.

Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $292.40 million during the quarter, compared to the consensus estimate of $290.90 million. Verisign had a net margin of 39.79% and a negative return on equity of 36.88%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. equities analysts predict that Verisign, Inc. will post 3.65 EPS for the current fiscal year.

Several large investors have recently modified their holdings of VRSN. Federated Investors Inc. PA raised its stake in shares of Verisign by 27.4% during the second quarter. Federated Investors Inc. PA now owns 15,972 shares of the information services provider’s stock valued at $1,484,000 after acquiring an additional 3,435 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Verisign by 6.3% during the second quarter. Neuberger Berman Group LLC now owns 10,385 shares of the information services provider’s stock valued at $965,000 after acquiring an additional 619 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Verisign by 40.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,517 shares of the information services provider’s stock valued at $4,417,000 after acquiring an additional 13,703 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Verisign by 7.9% during the second quarter. Martingale Asset Management L P now owns 4,308 shares of the information services provider’s stock valued at $401,000 after acquiring an additional 317 shares during the last quarter. Finally, Seven Eight Capital LP raised its stake in shares of Verisign by 220.3% during the second quarter. Seven Eight Capital LP now owns 9,450 shares of the information services provider’s stock valued at $878,000 after acquiring an additional 6,500 shares during the last quarter.

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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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