Victory Capital Management Inc. decreased its stake in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 22.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,004 shares of the information services provider’s stock after selling 34,319 shares during the quarter. Victory Capital Management Inc.’s holdings in VeriSign were worth $21,622,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in shares of VeriSign by 82.1% in the 1st quarter. Metis Global Partners LLC now owns 1,550 shares of the information services provider’s stock worth $345,000 after purchasing an additional 699 shares in the last quarter. Cantillon Capital Management LLC increased its holdings in shares of VeriSign by 2.7% in the 1st quarter. Cantillon Capital Management LLC now owns 1,681,163 shares of the information services provider’s stock worth $373,991,000 after purchasing an additional 44,551 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in shares of VeriSign by 7.7% in the 1st quarter. Gilbert & Cook Inc. now owns 1,503 shares of the information services provider’s stock worth $334,000 after purchasing an additional 108 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of VeriSign by 1.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 12,899 shares of the information services provider’s stock worth $2,870,000 after purchasing an additional 134 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of VeriSign by 55.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the information services provider’s stock worth $299,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.
Insider Buying and Selling
In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $186.80, for a total transaction of $127,958.00. Following the completion of the sale, the director now owns 15,692 shares of the company’s stock, valued at $2,931,265.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is currently owned by corporate insiders.
VeriSign Price Performance
VeriSign (NASDAQ:VRSN – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.52 by $0.02. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The company had revenue of $351.90 million during the quarter, compared to analyst estimates of $348.77 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. VeriSign’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that VeriSign, Inc. will post 6.05 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Robert W. Baird lowered VeriSign from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $210.00 in a report on Friday, April 29th.
VeriSign Company Profile
VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It 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 support global e-commerce.
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