American Century Companies Inc. boosted its holdings in shares of Verisign, Inc. (NASDAQ:VRSN) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,056,680 shares of the information services provider’s stock after purchasing an additional 15,724 shares during the period. American Century Companies Inc. owned approximately 0.87% of Verisign worth $169,196,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of VRSN. Braun Bostich & Associates Inc. raised its position in Verisign by 1,283.3% during the second quarter. Braun Bostich & Associates Inc. now owns 913 shares of the information services provider’s stock worth $125,000 after acquiring an additional 847 shares during the last quarter. Sandy Spring Bank raised its position in shares of Verisign by 100.0% in the second quarter. Sandy Spring Bank now owns 1,000 shares of the information services provider’s stock valued at $137,000 after buying an additional 500 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Verisign in the second quarter valued at approximately $149,000. Advisory Services Network LLC raised its position in shares of Verisign by 954.9% in the third quarter. Advisory Services Network LLC now owns 960 shares of the information services provider’s stock valued at $154,000 after buying an additional 869 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Verisign in the third quarter valued at approximately $181,000. 94.50% of the stock is currently owned by institutional investors.
In other Verisign news, Director Kathleen A. Cote sold 2,384 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $160.50, for a total transaction of $382,632.00. Following the completion of the sale, the director now directly owns 37,594 shares in the company, valued at $6,033,837. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.92% of the stock is owned by insiders.
Verisign stock traded down $0.60 during trading on Friday, reaching $156.06. The company had a trading volume of 983,778 shares, compared to its average volume of 1,003,386. Verisign, Inc. has a 12-month low of $105.40 and a 12-month high of $176.76. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 42.41 and a beta of 0.98.
Verisign (NASDAQ:VRSN) last released its earnings results on Thursday, October 25th. The information services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. Verisign had a net margin of 41.82% and a negative return on equity of 38.09%. The firm had revenue of $305.78 million during the quarter, compared to the consensus estimate of $305.25 million. As a group, analysts anticipate that Verisign, Inc. will post 4.37 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on VRSN shares. JPMorgan Chase & Co. boosted their price objective on shares of Verisign from $123.00 to $125.00 and gave the company an “average” rating in a research report on Monday, September 24th. BidaskClub lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research reissued a “hold” rating on shares of Verisign in a research report on Saturday, November 17th. Citigroup boosted their price objective on shares of Verisign from $152.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Finally, Robert W. Baird upgraded shares of Verisign from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $160.00 to $170.00 in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $154.40.
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VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.
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