MERIAN GLOBAL INVESTORS UK Ltd Grows Holdings in Verisign, Inc. (VRSN)

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MERIAN GLOBAL INVESTORS UK Ltd grew its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 247.3% during the first quarter, HoldingsChannel reports. The firm owned 301,605 shares of the information services provider’s stock after acquiring an additional 214,750 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Verisign were worth $54,759,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cornerstone Advisors Inc. increased its position in shares of Verisign by 208.2% during the first quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock worth $27,000 after acquiring an additional 102 shares during the period. D Orazio & Associates Inc. increased its position in shares of Verisign by 82.4% during the first quarter. D Orazio & Associates Inc. now owns 155 shares of the information services provider’s stock worth $28,000 after acquiring an additional 70 shares during the period. Athena Capital Advisors LLC purchased a new stake in shares of Verisign during the fourth quarter worth $39,000. Bessemer Group Inc. increased its position in shares of Verisign by 43.5% during the fourth quarter. Bessemer Group Inc. now owns 277 shares of the information services provider’s stock worth $41,000 after acquiring an additional 84 shares during the period. Finally, Signet Investment Advisory Group Inc. purchased a new stake in shares of Verisign during the fourth quarter worth $44,000. Institutional investors own 94.40% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a research report on Tuesday, April 30th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Citigroup reaffirmed a “neutral” rating and set a $195.00 price objective (up previously from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. Finally, ValuEngine raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Verisign has an average rating of “Buy” and a consensus target price of $180.80.

NASDAQ:VRSN traded down $0.73 during trading hours on Friday, hitting $196.10. The company’s stock had a trading volume of 1,708 shares, compared to its average volume of 571,303. The firm has a market capitalization of $23.11 billion, a PE ratio of 41.44 and a beta of 1.08. Verisign, Inc. has a 52-week low of $125.55 and a 52-week high of $203.28.

Verisign (NASDAQ:VRSN) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The firm had revenue of $306.41 million for the quarter, compared to analyst estimates of $302.63 million. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. Verisign’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts anticipate that Verisign, Inc. will post 4.96 EPS for the current fiscal year.

In related news, Director Timothy Tomlinson sold 378 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $199.55, for a total value of $75,429.90. Following the transaction, the director now owns 34,094 shares of the company’s stock, valued at $6,803,457.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

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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.

See Also: Moving Average (MA)

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisign, Inc. (NASDAQ:VRSN).

Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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