Teza Capital Management LLC Buys 2,691 Shares of Verisign, Inc. (NASDAQ:VRSN)

Teza Capital Management LLC lifted its holdings in shares of Verisign, Inc. (NASDAQ:VRSN) by 77.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,179 shares of the information services provider’s stock after purchasing an additional 2,691 shares during the quarter. Teza Capital Management LLC’s holdings in Verisign were worth $1,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRSN. Cornerstone Advisors Inc. lifted its holdings in Verisign by 208.2% during the 1st quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock worth $27,000 after purchasing an additional 102 shares during the last quarter. D Orazio & Associates Inc. raised its holdings in Verisign by 82.4% in the 1st quarter. D Orazio & Associates Inc. now owns 155 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in Verisign by 68.0% in the 1st quarter. Berman Capital Advisors LLC now owns 247 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. Athena Capital Advisors LLC acquired a new position in Verisign in the 4th quarter valued at $39,000. Finally, Bessemer Group Inc. raised its holdings in Verisign by 43.5% in the 4th quarter. Bessemer Group Inc. now owns 277 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 84 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

In related news, Director Timothy Tomlinson sold 378 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $199.55, for a total transaction of $75,429.90. Following the sale, the director now owns 34,094 shares in the company, valued at approximately $6,803,457.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Several equities analysts have weighed in on VRSN shares. Citigroup reaffirmed a “neutral” rating and issued a $195.00 price objective (up from $175.00) on shares of Verisign in a report on Tuesday, March 5th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a 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 objective for the company in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $180.80.

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

Verisign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.06. The company had revenue of $306.41 million for the quarter, compared to analyst estimates of $302.63 million. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. As a group, research analysts anticipate that Verisign, Inc. will post 4.96 earnings per share for the current fiscal 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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