United Capital Financial Advisers LLC decreased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,804 shares of the information services provider’s stock after selling 5 shares during the period. United Capital Financial Advisers LLC’s holdings in VeriSign were worth $854,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. KCG Holdings Inc. boosted its stake in VeriSign by 4.9% in the first quarter. KCG Holdings Inc. now owns 14,875 shares of the information services provider’s stock valued at $1,296,000 after buying an additional 696 shares during the period. BlackRock Inc. boosted its stake in VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock valued at $671,330,000 after buying an additional 7,293,666 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in VeriSign by 5.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,853 shares of the information services provider’s stock valued at $1,121,000 after buying an additional 700 shares during the period. Dimensional Fund Advisors LP boosted its stake in VeriSign by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 251,995 shares of the information services provider’s stock valued at $21,951,000 after buying an additional 1,942 shares during the period. Finally, Geode Capital Management LLC boosted its stake in VeriSign by 7.7% in the first quarter. Geode Capital Management LLC now owns 898,546 shares of the information services provider’s stock valued at $78,163,000 after buying an additional 64,329 shares during the period.
VeriSign, Inc. (NASDAQ VRSN) traded up 0.50% during midday trading on Wednesday, hitting $93.11. 42,299 shares of the stock traded hands. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 26.30 and a beta of 1.24. The stock’s 50-day moving average price is $90.79 and its 200 day moving average price is $85.19. VeriSign, Inc. has a 52 week low of $74.01 and a 52 week high of $93.92.
VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.86 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. VeriSign had a net margin of 39.13% and a negative return on equity of 36.75%. The business had revenue of $288.60 million during the quarter, compared to analyst estimates of $284.70 million. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict that VeriSign, Inc. will post $3.95 EPS for the current year.
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Several research firms have recently weighed in on VRSN. Zacks Investment Research upgraded shares of VeriSign from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, June 14th. Citigroup Inc. upgraded shares of VeriSign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. Cowen and Company increased their price objective on shares of VeriSign from $89.00 to $94.00 and gave the stock a “market perform” rating in a research report on Monday, April 3rd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $85.00 price objective on shares of VeriSign in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $87.80.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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