Keybank National Association OH reduced its holdings in Verisign, Inc. (NASDAQ:VRSN) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,627 shares of the information services provider’s stock after selling 237 shares during the quarter. Keybank National Association OH’s holdings in Verisign were worth $496,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Liberty Wealth Management LLC bought a new position in Verisign in the 2nd quarter worth approximately $25,000. HM Payson & Co. bought a new position in Verisign in the 2nd quarter worth approximately $25,000. AGF Investments LLC raised its position in shares of Verisign by 102.9% during the 2nd quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 70 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Verisign during the 2nd quarter valued at $29,000. Finally, Advisory Services Network LLC raised its position in shares of Verisign by 98.9% during the 2nd quarter. Advisory Services Network LLC now owns 181 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 90 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.
VRSN has been the subject of several recent research reports. BidaskClub cut shares of Verisign from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. ValuEngine cut shares of Verisign from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird upped their target price on shares of Verisign from $210.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of Verisign from a “hold” rating to a “buy” rating and set a $201.00 target price for the company in a research report on Sunday, November 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Verisign has a consensus rating of “Hold” and a consensus target price of $212.00.
Verisign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.05. Verisign had a net margin of 52.60% and a negative return on equity of 44.38%. The company had revenue of $308.42 million during the quarter, compared to analyst estimates of $308.34 million. During the same quarter in the previous year, the business earned $1.23 EPS. The firm’s revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Verisign, Inc. will post 5.12 earnings per share for the current year.
In other news, Director Timothy Tomlinson sold 295 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $190.57, for a total value of $56,218.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.
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.
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