Texas Permanent School Fund lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,876 shares of the information services provider’s stock after selling 101 shares during the period. Texas Permanent School Fund’s holdings in VeriSign were worth $2,645,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management grew its stake in shares of VeriSign by 13.3% in the fourth quarter. Spire Wealth Management now owns 468 shares of the information services provider’s stock worth $96,000 after purchasing an additional 55 shares during the last quarter. Veriti Management LLC increased its stake in shares of VeriSign by 3.7% in the third quarter. Veriti Management LLC now owns 1,726 shares of the information services provider’s stock valued at $300,000 after buying an additional 61 shares during the period. Synovus Financial Corp raised its position in shares of VeriSign by 1.7% during the third quarter. Synovus Financial Corp now owns 3,795 shares of the information services provider’s stock worth $659,000 after acquiring an additional 62 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its position in shares of VeriSign by 7.8% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 970 shares of the information services provider’s stock worth $168,000 after acquiring an additional 70 shares during the last quarter. Finally, Veritable L.P. boosted its holdings in VeriSign by 4.4% in the third quarter. Veritable L.P. now owns 1,764 shares of the information services provider’s stock valued at $306,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 91.21% of the company’s stock.
Insider Activity
In other news, CEO D James Bidzos sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $213.43, for a total value of $640,290.00. Following the completion of the sale, the chief executive officer now directly owns 668,234 shares in the company, valued at approximately $142,621,182.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other VeriSign news, EVP Danny R. Mcpherson sold 125 shares of the company’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $201.88, for a total transaction of $25,235.00. Following the transaction, the executive vice president now owns 27,536 shares in the company, valued at $5,558,967.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO D James Bidzos sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $213.43, for a total transaction of $640,290.00. Following the completion of the transaction, the chief executive officer now directly owns 668,234 shares in the company, valued at $142,621,182.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,599 shares of company stock worth $8,856,944. Company insiders own 0.94% of the company’s stock.
Analysts Set New Price Targets
VeriSign Stock Performance
Shares of VRSN stock opened at $217.97 on Wednesday. VeriSign, Inc. has a fifty-two week low of $155.25 and a fifty-two week high of $226.50. The stock has a 50 day simple moving average of $208.20 and a two-hundred day simple moving average of $204.51. The company has a market cap of $22.69 billion, a P/E ratio of 33.43 and a beta of 1.01.
VeriSign (NASDAQ:VRSN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $364.40 million during the quarter, compared to analyst estimates of $367.32 million. VeriSign had a net margin of 48.20% and a negative return on equity of 45.19%. VeriSign’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. On average, research analysts predict that VeriSign, Inc. will post 6.74 earnings per share for the current year.
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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