Victory Capital Management Inc. decreased its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,023 shares of the information services provider’s stock after selling 24,133 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of VeriSign worth $24,645,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Concord Wealth Partners bought a new position in VeriSign during the 4th quarter worth approximately $25,000. Capital Directions Investment Advisors LLC bought a new position in VeriSign during the 4th quarter worth approximately $28,000. Accurate Wealth Management LLC bought a new position in VeriSign during the 4th quarter worth approximately $29,000. General Partner Inc. bought a new position in VeriSign during the 4th quarter worth approximately $31,000. Finally, Tobam bought a new position in VeriSign during the 4th quarter worth approximately $34,000. Institutional investors own 91.21% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of VeriSign from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Monday, February 13th. StockNews.com assumed coverage on shares of VeriSign in a research note on Thursday. They issued a “hold” rating on the stock.
Insider Transactions at VeriSign
VeriSign Stock Up 0.7 %
Shares of VRSN stock opened at $227.41 on Friday. The company’s fifty day simple moving average is $212.53 and its 200-day simple moving average is $206.24. The firm has a market cap of $23.72 billion, a PE ratio of 34.88 and a beta of 1.01. VeriSign, Inc. has a 12 month low of $155.25 and a 12 month high of $227.84.
VeriSign (NASDAQ:VRSN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The information services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $364.40 million for 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%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. On average, equities analysts predict that VeriSign, Inc. will post 6.92 earnings per share for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on VeriSign (VRSN)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
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 – Get Rating).
Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.