Victrix Investment Advisors Purchases Shares of 4,347 VeriSign, Inc. (NASDAQ:VRSN)

Victrix Investment Advisors acquired a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,347 shares of the information services provider's stock, valued at approximately $900,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in VeriSign during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its holdings in VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock worth $38,000 after acquiring an additional 103 shares during the period. BankPlus Trust Department acquired a new stake in VeriSign in the fourth quarter valued at approximately $49,000. Finally, Spire Wealth Management raised its stake in shares of VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock valued at $52,000 after purchasing an additional 104 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VRSN. Citigroup upped their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Robert W. Baird upped their price objective on shares of VeriSign from $275.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th.

VeriSign Stock Up 0.3%

Shares of VRSN traded up $0.78 during trading on Thursday, reaching $281.86. The company's stock had a trading volume of 907,858 shares, compared to its average volume of 755,672. The company has a market cap of $26.47 billion, a price-to-earnings ratio of 35.23 and a beta of 0.80. The company has a fifty day moving average of $259.27 and a two-hundred day moving average of $225.95. VeriSign, Inc. has a twelve month low of $168.79 and a twelve month high of $288.95.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The firm had revenue of $402.30 million for the quarter, compared to analysts' expectations of $400.44 million. During the same period in the prior year, the company posted $1.92 earnings per share. The firm's quarterly revenue was up 4.7% on a year-over-year basis.

VeriSign Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Wednesday, May 28th. Stockholders 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 payout ratio is 37.65%.

Insider Buying and Selling

In other VeriSign news, Director Yehuda Ari Buchalter sold 600 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $283.79, for a total value of $170,274.00. Following the sale, the director now directly owns 3,735 shares of the company's stock, valued at $1,059,955.65. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO D James Bidzos sold 2,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $280.66, for a total value of $561,320.00. Following the completion of the sale, the chief executive officer now owns 551,625 shares in the company, valued at $154,819,072.50. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,447 shares of company stock worth $2,349,974. Corporate insiders own 0.84% of the company's stock.

VeriSign Company Profile

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.