Yousif Capital Management LLC Has $3.19 Million Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Yousif Capital Management LLC raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 26.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,482 shares of the information services provider’s stock after purchasing an additional 3,233 shares during the period. Yousif Capital Management LLC’s holdings in VeriSign were worth $3,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VRSN. Cumberland Partners Ltd purchased a new position in VeriSign in the fourth quarter valued at about $206,000. GAMMA Investing LLC bought a new stake in shares of VeriSign in the 4th quarter valued at approximately $97,000. Marks Group Wealth Management Inc increased its holdings in VeriSign by 2.0% in the fourth quarter. Marks Group Wealth Management Inc now owns 6,215 shares of the information services provider’s stock worth $1,280,000 after buying an additional 122 shares during the last quarter. Larson Financial Group LLC raised its position in VeriSign by 100.3% during the fourth quarter. Larson Financial Group LLC now owns 711 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 356 shares in the last quarter. Finally, Duality Advisers LP lifted its stake in VeriSign by 142.0% in the fourth quarter. Duality Advisers LP now owns 29,874 shares of the information services provider’s stock valued at $6,153,000 after acquiring an additional 17,529 shares during the last quarter. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 614 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $190.00, for a total value of $116,660.00. Following the transaction, the executive vice president now owns 41,955 shares of the company’s stock, valued at $7,971,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Danny R. Mcpherson sold 2,875 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $194.19, for a total value of $558,296.25. Following the completion of the transaction, the executive vice president now owns 30,895 shares of the company’s stock, valued at approximately $5,999,500.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas C. Indelicarto sold 614 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the completion of the sale, the executive vice president now owns 41,955 shares of the company’s stock, valued at approximately $7,971,450. The disclosure for this sale can be found here. Insiders have sold 14,877 shares of company stock worth $2,878,864 in the last three months. Insiders own 0.84% of the company’s stock.

VeriSign Price Performance

Shares of NASDAQ:VRSN opened at $175.48 on Monday. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 21.56 and a beta of 0.88. The company has a 50 day moving average of $189.29 and a 200-day moving average of $199.90. VeriSign, Inc. has a one year low of $174.51 and a one year high of $229.72.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.06. The firm had revenue of $384.30 million for the quarter, compared to analysts’ expectations of $381.85 million. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.70 earnings per share.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VRSN shares. Robert W. Baird dropped their price target on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Citigroup reduced their target price on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd.

About VeriSign

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 thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.