Verisign (NASDAQ:VRSN) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other research firms have also recently commented on VRSN. JPMorgan Chase & Co. lifted their target price on Verisign to $106.00 and gave the stock an “underweight” rating in a research report on Monday, February 26th. Zacks Investment Research upgraded Verisign from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, ValuEngine upgraded Verisign from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Verisign presently has an average rating of “Hold” and a consensus price target of $106.25.

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Shares of Verisign (NASDAQ VRSN) opened at $125.92 on Friday. The stock has a market capitalization of $12,229.48, a PE ratio of 34.69 and a beta of 0.89. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.41. Verisign has a fifty-two week low of $86.16 and a fifty-two week high of $127.24.

Verisign (NASDAQ:VRSN) last posted its earnings results on Thursday, February 8th. The information services provider reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.01). Verisign had a negative return on equity of 36.88% and a net margin of 39.25%. The firm had revenue of $295.50 million for the quarter, compared to analyst estimates of $294.93 million. During the same quarter last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts predict that Verisign will post 4.19 earnings per share for the current fiscal year.

Verisign announced that its board has approved a share buyback program on Thursday, February 8th that permits the company to buyback $586.00 million in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of VRSN. Grove Bank & Trust increased its position in shares of Verisign by 186.5% during the third quarter. Grove Bank & Trust now owns 1,060 shares of the information services provider’s stock worth $113,000 after purchasing an additional 690 shares in the last quarter. Twin Tree Management LP acquired a new position in Verisign in the 4th quarter valued at about $172,000. Mckinley Capital Management LLC Delaware acquired a new position in Verisign in the 4th quarter valued at about $177,000. Visionary Asset Management Inc. acquired a new position in Verisign in the 3rd quarter valued at about $200,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in Verisign in the 4th quarter valued at about $208,000.

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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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