North Star Asset Management Inc. Has $3.36 Million Position in VeriSign, Inc. (VRSN)

North Star Asset Management Inc. lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,546 shares of the information services provider’s stock after purchasing an additional 1,365 shares during the quarter. North Star Asset Management Inc.’s holdings in VeriSign were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in VeriSign by 24.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock valued at $105,000 after acquiring an additional 237 shares during the period. Global X Management Co. LLC boosted its holdings in VeriSign by 52.6% during the 1st quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock valued at $125,000 after acquiring an additional 496 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in VeriSign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 255 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in VeriSign by 109.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 876 shares during the period. Finally, Acrospire Investment Management LLC boosted its holdings in VeriSign by 128.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock valued at $149,000 after acquiring an additional 900 shares during the period.

In related news, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total transaction of $149,910.00. Following the transaction, the director now owns 38,294 shares in the company, valued at approximately $3,827,102.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.92% of the company’s stock.

A number of equities research analysts have issued reports on VRSN shares. Zacks Investment Research lowered VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Cowen and Company reaffirmed a “hold” rating and issued a $103.00 price target on shares of VeriSign in a research report on Sunday, October 29th. Citigroup Inc. increased their price target on VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Robert W. Baird set a $105.00 price target on VeriSign and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. VeriSign currently has an average rating of “Hold” and a consensus target price of $106.33.

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Shares of VeriSign, Inc. (VRSN) opened at $109.75 on Friday. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57. VeriSign, Inc. has a 12-month low of $75.71 and a 12-month high of $110.82. The firm has a market capitalization of $10,785.54, a PE ratio of 30.56 and a beta of 1.03.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $290.90 million. VeriSign had a negative return on equity of 36.88% and a net margin of 39.79%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. research analysts forecast that VeriSign, Inc. will post 3.65 earnings per share for the current fiscal year.

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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