Farther Finance Advisors LLC Acquires 64 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Farther Finance Advisors LLC boosted its stake in VeriSign, Inc. (NASDAQ:VRSN) by 6.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,017 shares of the information services provider’s stock after purchasing an additional 64 shares during the period. Farther Finance Advisors LLC’s holdings in VeriSign were worth $259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cache Advisors LLC acquired a new stake in VeriSign in the fourth quarter valued at $685,000. Truist Financial Corp increased its holdings in VeriSign by 12.2% in the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock valued at $4,235,000 after purchasing an additional 2,218 shares during the period. Berkshire Hathaway Inc increased its holdings in VeriSign by 3.6% in the fourth quarter. Berkshire Hathaway Inc now owns 13,271,457 shares of the information services provider’s stock valued at $2,746,661,000 after purchasing an additional 455,844 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in VeriSign in the fourth quarter valued at $600,000. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in VeriSign in the fourth quarter valued at $402,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VeriSign

In related news, SVP John Calys sold 400 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $281.97, for a total value of $112,788.00. Following the transaction, the senior vice president now owns 23,335 shares of the company’s stock, valued at approximately $6,579,769.95. This trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yehuda Ari Buchalter sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $283.79, for a total transaction of $170,274.00. Following the completion of the transaction, the director now directly owns 3,735 shares in the company, valued at approximately $1,059,955.65. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,002 shares of company stock valued at $4,467,769 in the last 90 days. 0.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VRSN has been the topic of a number of research analyst reports. Wall Street Zen raised shares of VeriSign from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Robert W. Baird upped their price target on shares of VeriSign from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 25th.

VeriSign Trading Down 1.0%

Shares of VRSN opened at $281.16 on Thursday. The stock has a market capitalization of $26.40 billion, a P/E ratio of 34.37 and a beta of 0.77. The firm’s fifty day simple moving average is $272.20 and its two-hundred day simple moving average is $238.91. VeriSign, Inc. has a 12 month low of $172.49 and a 12 month high of $288.95.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.10. The company had revenue of $402.30 million for the quarter, compared to analysts’ expectations of $400.44 million. VeriSign had a net margin of 50.23% and a negative return on equity of 41.37%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS.

VeriSign Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were given a dividend of $0.77 per share. The ex-dividend date was Monday, May 19th. VeriSign’s dividend payout ratio (DPR) is presently 37.65%.

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. 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.