Fiera Capital Corp Has $2.75 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Fiera Capital Corp lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN – Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,030 shares of the information services provider’s stock after purchasing an additional 644 shares during the period. Fiera Capital Corp’s holdings in VeriSign were worth $2,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VRSN. Concord Wealth Partners bought a new position in VeriSign in the 4th quarter worth $25,000. Resurgent Financial Advisors LLC bought a new position in VeriSign in the 4th quarter worth $25,000. Capital Directions Investment Advisors LLC bought a new position in VeriSign in the 4th quarter worth $28,000. IFP Advisors Inc raised its holdings in VeriSign by 88.8% in the 1st quarter. IFP Advisors Inc now owns 708 shares of the information services provider’s stock worth $28,000 after acquiring an additional 333 shares during the period. Finally, Accurate Wealth Management LLC bought a new position in VeriSign in the 4th quarter worth $29,000. Institutional investors and hedge funds own 90.75% of the company’s stock.

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Analysts Set New Price Targets

Several brokerages recently commented on VRSN. Robert W. Baird downgraded shares of VeriSign from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $265.00 to $245.00 in a report on Tuesday. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a report on Thursday.

Insider Activity at VeriSign

In related news, CEO D James Bidzos sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $216.45, for a total value of $432,900.00. Following the sale, the chief executive officer now owns 574,642 shares of the company’s stock, valued at $124,381,260.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO D James Bidzos sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $216.45, for a total value of $432,900.00. Following the sale, the chief executive officer now owns 574,642 shares of the company’s stock, valued at $124,381,260.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 614 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $219.40, for a total transaction of $134,711.60. Following the completion of the sale, the executive vice president now directly owns 43,343 shares in the company, valued at approximately $9,509,454.20. The disclosure for this sale can be found here. Insiders have sold a total of 44,509 shares of company stock valued at $9,838,473 over the last quarter. 0.94% of the stock is owned by company insiders.

VeriSign Stock Performance

NASDAQ:VRSN opened at $216.41 on Friday. The firm’s 50-day moving average is $222.64 and its 200-day moving average is $213.49. VeriSign, Inc. has a 52-week low of $169.24 and a 52-week high of $229.72. The company has a market cap of $22.53 billion, a price-to-earnings ratio of 33.19 and a beta of 0.99.

VeriSign (NASDAQ:VRSN – Get Free Report) last posted its quarterly earnings data on Thursday, April 27th. The information services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $364.40 million for the quarter, compared to the consensus estimate of $367.32 million. VeriSign had a net margin of 48.20% and a negative return on equity of 45.19%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. Equities analysts predict that VeriSign, Inc. will post 6.91 EPS for the current year.

VeriSign Profile

(Free Report)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

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