VeriSign, Inc. (VRSN) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in VeriSign, Inc. (NASDAQ:VRSN) by 39.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,789 shares of the information services provider’s stock after selling 3,696 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in VeriSign were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Suntrust Banks Inc. raised its stake in shares of VeriSign by 0.5% in the second quarter. Suntrust Banks Inc. now owns 10,455 shares of the information services provider’s stock worth $971,000 after acquiring an additional 54 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of VeriSign by 0.6% in the second quarter. Scotia Capital Inc. now owns 12,000 shares of the information services provider’s stock worth $1,115,000 after acquiring an additional 75 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of VeriSign by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 3,340 shares of the information services provider’s stock worth $310,000 after acquiring an additional 80 shares during the last quarter. Conning Inc. raised its stake in shares of VeriSign by 3.1% in the second quarter. Conning Inc. now owns 2,674 shares of the information services provider’s stock worth $249,000 after acquiring an additional 80 shares during the last quarter. Finally, Financial Advisors Network Inc. raised its stake in shares of VeriSign by 3.2% in the second quarter. Financial Advisors Network Inc. now owns 3,928 shares of the information services provider’s stock worth $365,000 after acquiring an additional 122 shares during the last quarter.

Shares of VeriSign, Inc. (NASDAQ:VRSN) opened at $112.56 on Tuesday. VeriSign, Inc. has a 1 year low of $75.71 and a 1 year high of $118.28. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $11,331.62, a P/E ratio of 32.11 and a beta of 1.03.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping the 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 company had revenue of $292.40 million during the quarter, compared to analysts’ expectations of $290.90 million. During the same quarter in the previous year, the company earned $0.93 EPS. VeriSign’s revenue was up 1.7% on a year-over-year basis. research analysts expect that VeriSign, Inc. will post 3.65 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. Robert W. Baird reiterated a “hold” rating and set a $105.00 price target on shares of VeriSign in a research report on Thursday, August 31st. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Cowen reiterated a “hold” rating and set a $103.00 price target on shares of VeriSign in a research report on Sunday, October 29th. Finally, Citigroup lifted their price target on shares of VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. VeriSign presently has a consensus rating of “Hold” and an average target price of $106.33.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/12/05/verisign-inc-vrsn-shares-sold-by-raymond-james-financial-services-advisors-inc.html.

About VeriSign

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)

Receive News & Ratings for VeriSign Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply