Stephens Inc. AR lowered its holdings in shares of Verisign, Inc. (NASDAQ:VRSN) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,728 shares of the information services provider’s stock after selling 466 shares during the period. Stephens Inc. AR’s holdings in Verisign were worth $6,009,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its holdings in shares of Verisign by 3.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,578 shares of the information services provider’s stock valued at $278,000 after purchasing an additional 51 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in Verisign by 35.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 205 shares of the information services provider’s stock worth $43,000 after acquiring an additional 54 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in Verisign by 3.4% in the 1st quarter. First Republic Investment Management Inc. now owns 1,737 shares of the information services provider’s stock worth $315,000 after acquiring an additional 57 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Verisign by 2.3% in the 2nd quarter. Fisher Asset Management LLC now owns 2,587 shares of the information services provider’s stock worth $541,000 after acquiring an additional 57 shares during the last quarter. Finally, Brinker Capital Inc. grew its holdings in Verisign by 0.6% in the 1st quarter. Brinker Capital Inc. now owns 11,591 shares of the information services provider’s stock worth $2,104,000 after acquiring an additional 66 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors.

In other news, Director Timothy Tomlinson sold 575 shares of Verisign stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $213.50, for a total transaction of $122,762.50. Following the sale, the director now owns 34,251 shares of the company’s stock, valued at approximately $7,312,588.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

VRSN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a report on Tuesday, April 30th. ValuEngine lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird raised their price target on shares of Verisign from $210.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $204.75.

Shares of VRSN traded up $2.13 during trading hours on Thursday, reaching $204.01. 7,203 shares of the company traded hands, compared to its average volume of 685,496. The firm has a fifty day moving average price of $212.92. The stock has a market cap of $24.15 billion, a P/E ratio of 43.01 and a beta of 1.06. Verisign, Inc. has a 12 month low of $131.28 and a 12 month high of $221.78.

Verisign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 25th. The information services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. The firm had revenue of $306.29 million for the quarter, compared to analyst estimates of $306.57 million. Verisign had a net margin of 51.38% and a negative return on equity of 43.63%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 EPS. As a group, equities analysts expect that Verisign, Inc. will post 4.98 EPS for the current year.

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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