VeriSign, Inc. (NASDAQ:VRSN) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,449 shares of the information services provider’s stock after buying an additional 191 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in VeriSign were worth $912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Macquarie Group Ltd. increased its holdings in shares of VeriSign by 53,419.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,005,625 shares of the information services provider’s stock valued at $228,971,000 after purchasing an additional 1,003,746 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new position in shares of VeriSign in the 2nd quarter valued at about $79,125,250,000. Capital International Investors increased its holdings in VeriSign by 7.1% in the second quarter. Capital International Investors now owns 5,797,927 shares of the information services provider’s stock worth $1,320,130,000 after buying an additional 383,991 shares during the last quarter. Ninety One UK Ltd increased its holdings in VeriSign by 11.1% in the third quarter. Ninety One UK Ltd now owns 3,641,886 shares of the information services provider’s stock worth $746,623,000 after buying an additional 364,653 shares during the last quarter. Finally, FMR LLC increased its holdings in VeriSign by 103.7% in the second quarter. FMR LLC now owns 638,620 shares of the information services provider’s stock worth $145,407,000 after buying an additional 325,175 shares during the last quarter. 90.22% of the stock is owned by institutional investors.

Shares of VRSN stock opened at $226.48 on Friday. VeriSign, Inc. has a 12 month low of $184.60 and a 12 month high of $257.03. The company has a market cap of $25.16 billion, a PE ratio of 41.79 and a beta of 0.86. The business’s 50 day moving average is $242.12 and its two-hundred day moving average is $226.54.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 28th. The information services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. VeriSign had a negative return on equity of 43.49% and a net margin of 46.81%. The firm had revenue of $334.24 million during the quarter, compared to analyst estimates of $332.02 million. During the same period in the prior year, the company posted $1.49 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that VeriSign, Inc. will post 5.43 earnings per share for the current fiscal year.

A number of equities analysts recently commented on VRSN shares. Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating and set a $226.00 price objective on the stock. in a report on Wednesday, October 20th. Robert W. Baird restated a “buy” rating and issued a $259.00 price objective on shares of VeriSign in a report on Friday, October 29th.

In related news, CEO D James Bidzos sold 3,000 shares of VeriSign stock in a transaction dated Tuesday, October 19th. The stock was sold at an average price of $214.68, for a total value of $644,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 1,226 shares of VeriSign stock in a transaction dated Tuesday, December 7th. The stock was sold at an average price of $242.84, for a total value of $297,721.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,781 shares of company stock valued at $10,784,147. 1.27% of the stock is currently owned by corporate insiders.

VeriSign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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