Nomura Holdings Inc. Buys New Stake in VeriSign, Inc. (VRSN)

Nomura Holdings Inc. purchased a new position in VeriSign, Inc. (NASDAQ:VRSN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,379 shares of the information services provider’s stock, valued at approximately $779,000.

Other large investors also recently modified their holdings of the company. Eqis Capital Management Inc. bought a new position in shares of VeriSign in the 2nd quarter worth $350,000. Virtu Financial LLC bought a new position in shares of VeriSign in the 2nd quarter worth $211,000. Federated Investors Inc. PA increased its holdings in shares of VeriSign by 27.4% in the 2nd quarter. Federated Investors Inc. PA now owns 15,972 shares of the information services provider’s stock worth $1,484,000 after buying an additional 3,435 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of VeriSign by 1.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 290,142 shares of the information services provider’s stock worth $26,972,000 after buying an additional 4,948 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in shares of VeriSign by 190.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 216,220 shares of the information services provider’s stock worth $20,100,000 after buying an additional 141,685 shares during the last quarter.

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In other VeriSign news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the completion of the transaction, the director now directly owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total value of $125,240.00. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Shares of VeriSign, Inc. (NASDAQ:VRSN) traded down 0.12% during midday trading on Friday, reaching $109.07. 1,498,640 shares of the company’s stock traded hands. VeriSign, Inc. has a one year low of $75.71 and a one year high of $110.82. The company has a 50-day moving average of $106.46 and a 200-day moving average of $97.47. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 29.73 and a beta of 1.19.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $292.40 million during the quarter, compared to the consensus estimate of $290.90 million. VeriSign had a negative return on equity of 37.13% and a net margin of 39.79%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Equities research analysts anticipate that VeriSign, Inc. will post $3.97 EPS for the current year.

VRSN has been the topic of a number of research analyst reports. Robert W. Baird set a $105.00 price target on shares of VeriSign and gave the stock a “hold” rating in a report on Friday, October 6th. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Citigroup Inc. increased their target price on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a report on Friday. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $103.33.

VeriSign Company Profile

VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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