Barclays PLC Buys 130,683 Shares of VeriSign, Inc. $VRSN

Barclays PLC raised its stake in VeriSign, Inc. (NASDAQ:VRSNFree Report) by 40.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 454,292 shares of the information services provider’s stock after acquiring an additional 130,683 shares during the period. Barclays PLC’s holdings in VeriSign were worth $110,370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC grew its position in shares of VeriSign by 20.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,739 shares of the information services provider’s stock valued at $422,000 after buying an additional 300 shares during the last quarter. FORA Capital LLC grew its position in shares of VeriSign by 837.9% in the 4th quarter. FORA Capital LLC now owns 12,062 shares of the information services provider’s stock valued at $2,930,000 after buying an additional 10,776 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of VeriSign by 23.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 311 shares of the information services provider’s stock valued at $76,000 after buying an additional 60 shares during the last quarter. Stifel Financial Corp grew its position in shares of VeriSign by 3.4% in the 4th quarter. Stifel Financial Corp now owns 10,589 shares of the information services provider’s stock valued at $2,573,000 after buying an additional 344 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of VeriSign by 12.5% in the 4th quarter. Neuberger Berman Group LLC now owns 25,465 shares of the information services provider’s stock valued at $6,187,000 after buying an additional 2,820 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VRSN. JPMorgan Chase & Co. upped their price target on VeriSign from $273.00 to $278.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings upgraded VeriSign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 27th. Citigroup upped their target price on VeriSign from $295.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Robert W. Baird upped their target price on VeriSign from $305.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, VeriSign has a consensus rating of “Moderate Buy” and a consensus target price of $317.67.

Get Our Latest Report on VeriSign

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $283.54, for a total value of $141,770.00. Following the completion of the sale, the executive vice president directly owned 36,551 shares of the company’s stock, valued at $10,363,670.54. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO D James Bidzos sold 3,300 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $297.47, for a total value of $981,651.00. Following the completion of the sale, the chief executive officer directly owned 439,339 shares of the company’s stock, valued at approximately $130,690,172.33. This trade represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 13,596 shares of company stock worth $3,834,345. Corporate insiders own 0.56% of the company’s stock.

VeriSign Stock Performance

Shares of NASDAQ:VRSN opened at $272.96 on Tuesday. The business’s 50 day simple moving average is $283.57 and its two-hundred day simple moving average is $255.84. The firm has a market cap of $24.84 billion, a P/E ratio of 30.16 and a beta of 0.69. VeriSign, Inc. has a 52-week low of $208.86 and a 52-week high of $312.48.

VeriSign (NASDAQ:VRSNGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The information services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.04. The business had revenue of $428.90 million for the quarter, compared to analyst estimates of $424.50 million. VeriSign had a negative return on equity of 39.98% and a net margin of 49.95%.The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. On average, equities analysts forecast that VeriSign, Inc. will post 9.49 earnings per share for the current fiscal year.

VeriSign Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Tuesday, May 19th were issued a $0.81 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.24 annualized dividend and a yield of 1.2%. VeriSign’s dividend payout ratio is presently 35.80%.

About VeriSign

(Free Report)

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.

See Also

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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