Markston International LLC lessened its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 16.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,632 shares of the information services provider’s stock after selling 10,813 shares during the quarter. Markston International LLC owned 0.05% of VeriSign worth $5,706,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of VeriSign by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,782,015 shares of the information services provider’s stock worth $816,376,000 after purchasing an additional 292,054 shares during the last quarter. BlackRock Inc. grew its holdings in shares of VeriSign by 8.9% in the 2nd quarter. BlackRock Inc. now owns 8,394,049 shares of the information services provider’s stock worth $780,310,000 after purchasing an additional 687,358 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of VeriSign by 22.9% in the 2nd quarter. Renaissance Technologies LLC now owns 5,045,476 shares of the information services provider’s stock worth $469,027,000 after purchasing an additional 941,100 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of VeriSign by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 3,457,625 shares of the information services provider’s stock worth $367,857,000 after purchasing an additional 187,012 shares during the last quarter. Finally, Investec Asset Management LTD grew its holdings in shares of VeriSign by 11.0% in the 2nd quarter. Investec Asset Management LTD now owns 2,486,365 shares of the information services provider’s stock worth $231,132,000 after purchasing an additional 247,127 shares during the last quarter.
In other VeriSign news, Director Kathleen A. Cote sold 1,500 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the sale, the director now owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is owned by corporate insiders.
VRSN has been the topic of several analyst reports. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of VeriSign from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Robert W. Baird reissued a “hold” rating and set a $105.00 price objective on shares of VeriSign in a report on Thursday, August 31st. Citigroup Inc. increased their price objective on shares of VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Cowen and Company reissued a “hold” rating and set a $103.00 price objective on shares of VeriSign in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $106.33.
Shares of VeriSign, Inc. (NASDAQ VRSN) traded down $0.01 during trading hours on Wednesday, reaching $111.17. 1,408,800 shares of the company’s stock were exchanged, compared to its average volume of 794,740. VeriSign, Inc. has a 12-month low of $75.71 and a 12-month high of $111.71. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.45. The company has a market cap of $10,959.02, a price-to-earnings ratio of 31.06 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The firm had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 1.7% on a year-over-year basis. analysts expect that VeriSign, Inc. will post 3.65 EPS for the current year.
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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