Amalgamated Bank increased its position in Verisign, Inc. (NASDAQ:VRSN) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,453 shares of the information services provider’s stock after buying an additional 1,202 shares during the period. Amalgamated Bank’s holdings in Verisign were worth $1,476,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of VRSN. UBS Asset Management Americas Inc. grew its stake in shares of Verisign by 9.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 319,452 shares of the information services provider’s stock valued at $36,558,000 after buying an additional 28,272 shares during the period. Virtu Financial LLC acquired a new stake in shares of Verisign in the 4th quarter valued at about $543,000. American International Group Inc. grew its stake in shares of Verisign by 8.9% in the 4th quarter. American International Group Inc. now owns 33,467 shares of the information services provider’s stock valued at $3,830,000 after buying an additional 2,724 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Verisign by 65.9% in the 4th quarter. State of Tennessee Treasury Department now owns 38,788 shares of the information services provider’s stock valued at $4,439,000 after buying an additional 15,407 shares during the period. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Verisign in the 4th quarter valued at about $210,000.
Several analysts have recently commented on VRSN shares. BidaskClub downgraded Verisign from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research upgraded Verisign from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Friday, April 13th. ValuEngine upgraded Verisign from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Citigroup lifted their price target on Verisign from $111.00 to $123.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $113.80.
Verisign opened at $136.58 on Wednesday, MarketBeat Ratings reports. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 37.11 and a beta of 0.90. The company has a debt-to-equity ratio of -1.44, a current ratio of 1.55 and a quick ratio of 1.55. Verisign, Inc. has a 52-week low of $92.13 and a 52-week high of $145.57.
Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, April 26th. The information services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $299.29 million during the quarter, compared to the consensus estimate of $298.00 million. Verisign had a negative return on equity of 37.57% and a net margin of 40.41%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. analysts forecast that Verisign, Inc. will post 4.28 EPS for the current year.
VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.
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