American Century Companies Inc. lowered its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 24.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 620,026 shares of the information services provider’s stock after selling 200,224 shares during the period. American Century Companies Inc. owned 0.62% of VeriSign worth $65,965,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of VeriSign by 22.9% in the 2nd quarter. Renaissance Technologies LLC now owns 5,045,476 shares of the information services provider’s stock worth $469,027,000 after acquiring an additional 941,100 shares during the period. Koch Industries Inc. lifted its stake in shares of VeriSign by 10,263.6% in the 2nd quarter. Koch Industries Inc. now owns 875,519 shares of the information services provider’s stock worth $866,000 after acquiring an additional 867,071 shares during the period. APG Asset Management N.V. lifted its stake in shares of VeriSign by 160.6% in the 3rd quarter. APG Asset Management N.V. now owns 1,165,476 shares of the information services provider’s stock worth $123,995,000 after acquiring an additional 718,183 shares during the period. BlackRock Inc. lifted its stake in shares of VeriSign by 8.9% in the 2nd quarter. BlackRock Inc. now owns 8,394,049 shares of the information services provider’s stock worth $780,310,000 after acquiring an additional 687,358 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of VeriSign by 84.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,458,379 shares of the information services provider’s stock worth $135,571,000 after acquiring an additional 668,211 shares during the period.
In related news, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total value of $149,910.00. Following the completion of the sale, the director now owns 38,294 shares in the company, valued at $3,827,102.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by company insiders.
Shares of VeriSign, Inc. (NASDAQ:VRSN) opened at $109.75 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45. VeriSign, Inc. has a 52 week low of $75.71 and a 52 week high of $110.82. The company has a market cap of $10,818.06, a PE ratio of 30.66 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The firm had revenue of $292.40 million during the quarter, compared to analysts’ expectations of $290.90 million. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts forecast that VeriSign, Inc. will post 3.65 EPS for the current fiscal year.
Several research firms have recently commented on VRSN. Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Cowen and Company restated a “hold” rating and issued a $103.00 target price on shares of VeriSign in a research note on Sunday, October 29th. Citigroup Inc. raised their target price on shares of VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Robert W. Baird set a $105.00 price objective on shares of VeriSign and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $106.33.
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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).
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