Schroder Investment Management Group grew its position in Verisign, Inc. (NASDAQ:VRSN) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788,018 shares of the information services provider’s stock after purchasing an additional 58,271 shares during the period. Schroder Investment Management Group’s holdings in Verisign were worth $90,181,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Verisign by 18.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 49,940 shares of the information services provider’s stock valued at $5,001,000 after purchasing an additional 7,948 shares in the last quarter. Gruss Capital Management LP lifted its stake in shares of Verisign by 10.2% in the 3rd quarter. Gruss Capital Management LP now owns 920,000 shares of the information services provider’s stock valued at $97,879,000 after purchasing an additional 85,000 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Verisign by 112.1% in the 3rd quarter. Janus Henderson Group PLC now owns 52,997 shares of the information services provider’s stock valued at $5,638,000 after purchasing an additional 28,008 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Verisign by 18.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,065 shares of the information services provider’s stock valued at $5,220,000 after purchasing an additional 7,522 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Verisign during the 3rd quarter worth approximately $417,000.
Verisign, Inc. (NASDAQ:VRSN) opened at $120.55 on Friday. The company has a market capitalization of $11,760.00, a P/E ratio of 32.76 and a beta of 0.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.41. Verisign, Inc. has a 52-week low of $81.76 and a 52-week high of $121.61.
Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The company had revenue of $295.50 million for the quarter, compared to analyst estimates of $294.93 million. Verisign had a negative return on equity of 36.88% and a net margin of 39.25%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. analysts predict that Verisign, Inc. will post 4.02 earnings per share for the current fiscal year.
Verisign declared that its board has approved a stock repurchase program on Thursday, February 8th that authorizes the company to buyback $586.00 million in outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Several equities analysts recently commented on VRSN shares. Citigroup boosted their price target on Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Cowen reissued a “hold” rating and set a $103.00 price target on shares of Verisign in a research report on Sunday, October 29th. Zacks Investment Research lowered Verisign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered Verisign from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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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