Fundsmith LLP bought a new stake in Verisign, Inc. (NASDAQ:VRSN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 272,873 shares of the information services provider’s stock, valued at approximately $40,464,000. Verisign accounts for about 0.3% of Fundsmith LLP’s portfolio, making the stock its 24th largest position. Fundsmith LLP owned 0.23% of Verisign as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRSN. Capital International Investors acquired a new position in shares of Verisign in the 3rd quarter valued at $991,190,000. Oregon Public Employees Retirement Fund boosted its holdings in Verisign by 41,120.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,763,452 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 3,754,322 shares during the last quarter. Vanguard Group Inc boosted its holdings in Verisign by 4.5% in the third quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock valued at $1,820,286,000 after purchasing an additional 485,685 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Verisign by 4.5% in the third quarter. Vanguard Group Inc. now owns 11,368,270 shares of the information services provider’s stock valued at $1,820,286,000 after purchasing an additional 485,685 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in Verisign by 41.3% in the fourth quarter. Cantillon Capital Management LLC now owns 1,562,701 shares of the information services provider’s stock valued at $231,733,000 after purchasing an additional 456,587 shares during the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating and issued a $195.00 price target (up from $175.00) on shares of Verisign in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Saturday, February 9th. ValuEngine raised shares of Verisign from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Finally, BidaskClub raised shares of Verisign from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Verisign currently has a consensus rating of “Buy” and an average price target of $175.00.

In other news, Director Timothy Tomlinson sold 580 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $175.12, for a total transaction of $101,569.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Shares of VRSN stock traded down $0.02 during mid-day trading on Thursday, hitting $180.46. 7,065 shares of the stock were exchanged, compared to its average volume of 514,514. Verisign, Inc. has a 52-week low of $114.01 and a 52-week high of $182.41. The firm has a market cap of $21.61 billion, a P/E ratio of 38.07 and a beta of 1.08.

Verisign (NASDAQ:VRSN) last posted its earnings results on Thursday, February 7th. The information services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.37. Verisign had a net margin of 47.94% and a negative return on equity of 42.50%. The business had revenue of $307.45 million for the quarter, compared to analyst estimates of $308.64 million. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts expect that Verisign, Inc. will post 4.75 EPS for the current year.

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About Verisign

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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