Oppenheimer & Co. Inc. boosted its holdings in Verisign, Inc. (NASDAQ:VRSN) by 22.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,233 shares of the information services provider’s stock after buying an additional 407 shares during the period. Oppenheimer & Co. Inc.’s holdings in Verisign were worth $467,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Liberty Wealth Management LLC acquired a new stake in shares of Verisign in the second quarter worth $25,000. Cornerstone Advisors Inc. increased its position in Verisign by 208.2% during the first quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock worth $27,000 after acquiring an additional 102 shares during the period. AGF Investments LLC raised its stake in Verisign by 102.9% during the 2nd quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in Verisign during the 2nd quarter valued at $29,000. Finally, Advisory Services Network LLC raised its stake in Verisign by 98.9% during the 2nd quarter. Advisory Services Network LLC now owns 181 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 90 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors.
Verisign stock traded down $3.45 during trading hours on Wednesday, hitting $193.26. The stock had a trading volume of 191,016 shares, compared to its average volume of 445,913. The company has a 50-day moving average of $207.07 and a two-hundred day moving average of $198.33. Verisign, Inc. has a fifty-two week low of $131.28 and a fifty-two week high of $221.78. The company has a market cap of $23.28 billion, a PE ratio of 40.69 and a beta of 1.08.
Verisign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. The business had revenue of $306.29 million for the quarter, compared to analysts’ expectations of $306.57 million. Verisign had a negative return on equity of 43.63% and a net margin of 51.38%. Verisign’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. On average, equities analysts anticipate that Verisign, Inc. will post 4.98 earnings per share for the current fiscal year.
Several research firms have issued reports on VRSN. ValuEngine lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Verisign from $210.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $204.75.
In other Verisign news, Director Timothy Tomlinson sold 575 shares of Verisign stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $213.50, for a total transaction of $122,762.50. Following the sale, the director now owns 34,251 shares in the company, valued at $7,312,588.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
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