Fiera Capital Corp Sells 569 Shares of Verisign, Inc. (NASDAQ:VRSN)

Fiera Capital Corp trimmed its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,362 shares of the information services provider’s stock after selling 569 shares during the quarter. Fiera Capital Corp’s holdings in Verisign were worth $974,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of Verisign by 25.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 101,315 shares of the information services provider’s stock worth $16,104,000 after purchasing an additional 20,308 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Verisign by 4.9% in the 1st quarter. Wells Fargo & Company MN now owns 217,615 shares of the information services provider’s stock valued at $39,510,000 after acquiring an additional 10,133 shares during the last quarter. Close Asset Management Ltd lifted its stake in shares of Verisign by 14,555.3% in the 1st quarter. Close Asset Management Ltd now owns 16,707 shares of the information services provider’s stock valued at $3,034,000 after acquiring an additional 16,593 shares during the last quarter. Fosun International Ltd bought a new stake in shares of Verisign in the 1st quarter valued at about $272,000. Finally, Affinity Wealth Management LLC bought a new stake in shares of Verisign in the 1st quarter valued at about $993,000. Institutional investors own 91.60% of the company’s stock.

VRSN traded up $1.87 during midday trading on Friday, reaching $209.16. 332,505 shares of the company’s stock traded hands, compared to its average volume of 596,584. Verisign, Inc. has a 52 week low of $131.28 and a 52 week high of $214.35. The company has a market cap of $24.51 billion, a PE ratio of 44.03 and a beta of 1.04. The firm has a fifty day moving average price of $200.48.

Verisign (NASDAQ:VRSN) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.06. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The firm had revenue of $306.41 million during the quarter, compared to analyst estimates of $302.63 million. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that Verisign, Inc. will post 4.96 EPS for the current year.

A number of equities research analysts have recently weighed in on VRSN shares. Citigroup reissued a “neutral” rating and issued a $195.00 target price (up previously from $175.00) on shares of Verisign in a research note on Tuesday, March 5th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Verisign has an average rating of “Buy” and an average target price of $180.80.

In other news, Director Timothy Tomlinson sold 378 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $199.55, for a total value of $75,429.90. Following the completion of the transaction, the director now owns 34,094 shares of the company’s stock, valued at approximately $6,803,457.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Verisign Profile

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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