American Century Companies Inc. lessened its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 47.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326,648 shares of the information services provider’s stock after selling 293,378 shares during the period. American Century Companies Inc.’s holdings in Verisign were worth $37,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRSN. APG Asset Management N.V. boosted its holdings in shares of Verisign by 76.3% during the 4th quarter. APG Asset Management N.V. now owns 2,054,186 shares of the information services provider’s stock valued at $195,770,000 after purchasing an additional 888,710 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Verisign by 187.6% during the 4th quarter. Bank of Montreal Can now owns 653,586 shares of the information services provider’s stock valued at $74,797,000 after purchasing an additional 426,334 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Verisign by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,457,625 shares of the information services provider’s stock valued at $367,857,000 after purchasing an additional 187,012 shares during the last quarter. PGGM Investments bought a new position in shares of Verisign during the 4th quarter valued at about $19,821,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Verisign by 238.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 204,185 shares of the information services provider’s stock valued at $21,723,000 after purchasing an additional 143,853 shares during the last quarter.

Shares of Verisign, Inc. (NASDAQ VRSN) opened at $111.03 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.41. The stock has a market cap of $10,646.20, a PE ratio of 29.77 and a beta of 0.92. Verisign, Inc. has a 1 year low of $81.58 and a 1 year high of $118.28.

Verisign (NASDAQ:VRSN) last announced its earnings results on Thursday, February 8th. The information services provider reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). The business had revenue of $295.50 million for the quarter, compared to analysts’ expectations of $294.93 million. Verisign had a net margin of 39.25% and a negative return on equity of 36.88%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. sell-side analysts anticipate that Verisign, Inc. will post 3.9 earnings per share for the current fiscal year.

Verisign announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 8th that allows the company to buyback $586.00 million in outstanding shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

VRSN has been the subject of several research reports. BidaskClub raised shares of Verisign from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research raised shares of Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Cowen reissued a “hold” rating and set a $103.00 price objective on shares of Verisign in a report on Sunday, October 29th. Finally, Citigroup increased their price objective on shares of Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Verisign presently has a consensus rating of “Hold” and a consensus target price of $106.33.

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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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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