Vanguard Group Inc. raised its stake in shares of VeriSign Inc. (NASDAQ:VRSN) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,376,777 shares of the company’s stock after buying an additional 65,235 shares during the period. Vanguard Group Inc. owned about 7.85% of VeriSign worth $724,257,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of VRSN. Global X Management Co. LLC boosted its stake in shares of VeriSign by 76.1% in the second quarter. Global X Management Co. LLC now owns 1,166 shares of the company’s stock worth $101,000 after buying an additional 504 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of VeriSign by 21.2% in the first quarter. IFP Advisors Inc now owns 1,432 shares of the company’s stock worth $127,000 after buying an additional 250 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of VeriSign by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,656 shares of the company’s stock worth $140,000 after buying an additional 17 shares during the last quarter. MU Investments Co. Ltd. purchased a new stake in shares of VeriSign during the second quarter worth about $161,000. Finally, Bessemer Group Inc. boosted its stake in shares of VeriSign by 1.1% in the first quarter. Bessemer Group Inc. now owns 2,304 shares of the company’s stock worth $204,000 after buying an additional 24 shares during the last quarter.
Shares of VeriSign Inc. (NASDAQ:VRSN) traded up 0.55% during trading on Wednesday, hitting $79.07. The company’s stock had a trading volume of 69,401 shares. The company has a market capitalization of $8.44 billion, a P/E ratio of 25.19 and a beta of 1.26. The firm’s 50 day moving average is $77.30 and its 200-day moving average is $83.85. VeriSign Inc. has a 1-year low of $68.92 and a 1-year high of $93.94.
VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $286 million for the quarter, compared to analyst estimates of $284.34 million. VeriSign had a negative return on equity of 37.96% and a net margin of 37.47%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. Analysts forecast that VeriSign Inc. will post $3.49 EPS for the current fiscal year.
Several equities analysts recently commented on VRSN shares. Zacks Investment Research lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Cowen and Company reissued a “market perform” rating and set a $80.00 price target on shares of VeriSign in a research report on Tuesday, September 6th. Citigroup Inc. reissued a “sell” rating and set a $70.00 price target on shares of VeriSign in a research report on Friday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price target on VeriSign from $84.00 to $88.00 and gave the stock an “underweight” rating in a research report on Friday, July 29th.
In other news, Director Timothy Tomlinson sold 1,477 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $85.30, for a total transaction of $125,988.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.92% of the company’s stock.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.
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