VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 15.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,569 shares of the information services provider’s stock after buying an additional 3,790 shares during the period. Raymond James & Associates’ holdings in VeriSign were worth $5,080,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VRSN. CWM LLC lifted its holdings in shares of VeriSign by 2.1% during the fourth quarter. CWM LLC now owns 2,960 shares of the information services provider’s stock worth $610,000 after purchasing an additional 60 shares during the period. Truist Financial Corp raised its position in VeriSign by 4.6% during the 4th quarter. Truist Financial Corp now owns 13,374 shares of the information services provider’s stock worth $2,755,000 after buying an additional 590 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of VeriSign in the 4th quarter worth $4,032,000. Gilbert & Cook Inc. boosted its holdings in shares of VeriSign by 7.8% in the fourth quarter. Gilbert & Cook Inc. now owns 2,311 shares of the information services provider’s stock valued at $476,000 after acquiring an additional 168 shares in the last quarter. Finally, Mather Group LLC. increased its stake in shares of VeriSign by 20.5% during the fourth quarter. Mather Group LLC. now owns 4,100 shares of the information services provider’s stock worth $844,000 after acquiring an additional 697 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the sale, the executive vice president now directly owns 37,774 shares in the company, valued at $7,177,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Down 0.3 %

Shares of VRSN opened at $181.19 on Thursday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The company has a 50-day simple moving average of $178.81 and a 200-day simple moving average of $181.74. The company has a market capitalization of $17.68 billion, a PE ratio of 22.26 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. During the same period in the prior year, the business posted $1.79 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Robert W. Baird restated a “neutral” rating and issued a $200.00 price objective on shares of VeriSign in a research report on Thursday, June 27th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th.

VeriSign 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. 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.