Bamco Inc. NY trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,393 shares of the information services provider's stock after selling 49,345 shares during the quarter. Bamco Inc. NY owned approximately 0.11% of VeriSign worth $21,812,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in VeriSign in the 3rd quarter valued at about $130,000. Franklin Resources Inc. grew its position in shares of VeriSign by 59.4% in the third quarter. Franklin Resources Inc. now owns 102,042 shares of the information services provider's stock valued at $19,224,000 after purchasing an additional 38,036 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of VeriSign by 29.4% during the 4th quarter. GAMMA Investing LLC now owns 2,025 shares of the information services provider's stock worth $419,000 after purchasing an additional 460 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of VeriSign during the 4th quarter worth approximately $329,000. Finally, Nordea Investment Management AB lifted its stake in VeriSign by 544.1% in the 4th quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider's stock valued at $81,003,000 after buying an additional 330,561 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company's stock.
VeriSign Stock Up 1.6 %
Shares of VeriSign stock opened at $284.09 on Monday. The firm has a market cap of $26.68 billion, a PE ratio of 35.51 and a beta of 0.80. VeriSign, Inc. has a fifty-two week low of $167.80 and a fifty-two week high of $284.42. The business's fifty day moving average is $247.84 and its two-hundred day moving average is $217.50.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.10. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%. The firm had revenue of $402.30 million for the quarter, compared to analyst estimates of $400.44 million. During the same period last year, the company earned $1.92 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis.
VeriSign Announces Dividend
The business also recently declared a -- dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be given a dividend of $0.77 per share. The ex-dividend date is Monday, May 19th. VeriSign's dividend payout ratio (DPR) is 37.65%.
Insiders Place Their Bets
In other VeriSign news, SVP John Calys sold 447 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the sale, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have weighed in on VRSN. Robert W. Baird raised their price target on VeriSign from $275.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Citigroup lifted their price objective on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of VeriSign from a "hold" rating to a "buy" rating in a report on Saturday, April 12th.
Get Our Latest Analysis on VRSN
VeriSign Company Profile
(
Free Report)
VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
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