Thrivent Financial for Lutherans lifted its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 14.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 106,635 shares of the information services provider’s stock after buying an additional 13,782 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of Verisign worth $20,546,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc RI lifted its stake in shares of Verisign by 675.0% during the 4th quarter. Citizens Financial Group Inc RI now owns 155 shares of the information services provider’s stock worth $30,000 after buying an additional 135 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Verisign by 189.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 165 shares of the information services provider’s stock worth $32,000 after buying an additional 108 shares during the last quarter. Allred Capital Management LLC acquired a new stake in shares of Verisign during the 4th quarter worth about $42,000. Advisory Services Network LLC lifted its stake in shares of Verisign by 34.8% during the 4th quarter. Advisory Services Network LLC now owns 244 shares of the information services provider’s stock worth $47,000 after buying an additional 63 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Verisign during the fourth quarter worth about $56,000. Institutional investors own 92.00% of the company’s stock.
Separately, BidaskClub raised shares of Verisign from a “hold” rating to a “buy” rating in a research report on Saturday, February 29th.
NASDAQ:VRSN traded up $16.95 during mid-day trading on Friday, reaching $182.62. 1,016,595 shares of the company’s stock were exchanged, compared to its average volume of 810,910. Verisign, Inc. has a one year low of $159.77 and a one year high of $221.78. The firm has a market capitalization of $19.29 billion, a PE ratio of 35.46 and a beta of 0.94. The business’s fifty day simple moving average is $202.41 and its two-hundred day simple moving average is $195.43.
Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 6th. The information services provider reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). Verisign had a negative return on equity of 41.23% and a net margin of 49.71%. The business had revenue of $319.54 million for the quarter, compared to the consensus estimate of $310.40 million. During the same period in the prior year, the business posted $1.58 earnings per share. Verisign’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that Verisign, Inc. will post 5.18 earnings per share for the current fiscal year.
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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