Dimensional Fund Advisors LP Sells 1,536 Shares of Verisign, Inc. (VRSN)

Dimensional Fund Advisors LP reduced its holdings in shares of Verisign, Inc. (NASDAQ:VRSN) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,525 shares of the information services provider’s stock after selling 1,536 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Verisign were worth $26,864,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Grove Bank & Trust lifted its stake in shares of Verisign by 186.5% during the 3rd quarter. Grove Bank & Trust now owns 1,060 shares of the information services provider’s stock valued at $113,000 after buying an additional 690 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Verisign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after buying an additional 255 shares in the last quarter. Brightworth purchased a new stake in shares of Verisign during the 3rd quarter valued at approximately $213,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Verisign during the 3rd quarter valued at approximately $238,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Verisign during the 3rd quarter valued at approximately $247,000.

Shares of Verisign, Inc. (NASDAQ:VRSN) opened at $114.54 on Friday. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $11,240.00, a P/E ratio of 30.96 and a beta of 1.04. Verisign, Inc. has a twelve month low of $79.21 and a twelve month high of $118.28.

Verisign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. Verisign had a net margin of 39.79% and a negative return on equity of 36.88%. Verisign’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. analysts forecast that Verisign, Inc. will post 3.65 earnings per share for the current fiscal year.

A number of brokerages recently commented on VRSN. BidaskClub cut shares of Verisign from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Citigroup upped their target price on shares of Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Cowen reaffirmed a “hold” rating and set a $103.00 target price on shares of Verisign in a report on Sunday, October 29th. Finally, Robert W. Baird set a $105.00 target price on shares of Verisign and gave the stock a “hold” rating in a report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating, Verisign currently has a consensus rating of “Hold” and a consensus price target of $106.33.

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About Verisign

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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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