Raymond James Financial Services Advisors Inc. raised its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 38.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,222 shares of the information services provider’s stock after acquiring an additional 1,445 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Verisign were worth $948,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of VRSN. Oregon Public Employees Retirement Fund grew its holdings in Verisign by 41,120.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,763,452 shares of the information services provider’s stock valued at $25,000 after buying an additional 3,754,322 shares in the last quarter. Norges Bank purchased a new stake in Verisign during the 4th quarter valued at approximately $186,459,000. Vanguard Group Inc grew its holdings in Verisign by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock valued at $1,820,286,000 after buying an additional 485,685 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in Verisign by 41.3% during the 4th quarter. Cantillon Capital Management LLC now owns 1,562,701 shares of the information services provider’s stock valued at $231,733,000 after buying an additional 456,587 shares in the last quarter. Finally, FMR LLC grew its holdings in Verisign by 28.3% during the 4th quarter. FMR LLC now owns 1,524,909 shares of the information services provider’s stock valued at $226,129,000 after buying an additional 336,265 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.
VRSN has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating and set a $195.00 target price (up from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. BidaskClub upgraded Verisign from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research upgraded 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $180.80.
Verisign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The firm 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 business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities research analysts expect that Verisign, Inc. will post 4.96 EPS for the current year.
In other news, Director Timothy Tomlinson sold 378 shares of the firm’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 transaction, the director now owns 34,094 shares in the company, valued at $6,803,457.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
Verisign Company 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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