Albert D Mason Inc. purchased a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,266 shares of the information services provider's stock, valued at approximately $321,000.
A number of other large investors have also made changes to their positions in VRSN. Empowered Funds LLC increased its stake in VeriSign by 11.8% in the 4th quarter. Empowered Funds LLC now owns 9,160 shares of the information services provider's stock valued at $1,896,000 after buying an additional 965 shares during the period. Allspring Global Investments Holdings LLC increased its stake in VeriSign by 322.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider's stock valued at $53,639,000 after buying an additional 199,583 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in VeriSign in the 4th quarter valued at approximately $141,129,000. Avestar Capital LLC acquired a new position in VeriSign in the 4th quarter valued at approximately $204,000. Finally, Asset Management One Co. Ltd. increased its stake in VeriSign by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 36,584 shares of the information services provider's stock valued at $7,461,000 after buying an additional 936 shares during the period. Institutional investors and hedge funds own 92.90% of the company's stock.
VeriSign Stock Down 0.7%
Shares of VRSN traded down $1.91 during mid-day trading on Friday, hitting $279.90. 427,324 shares of the company's stock were exchanged, compared to its average volume of 759,548. The firm has a fifty day moving average of $269.77 and a two-hundred day moving average of $237.01. VeriSign, Inc. has a twelve month low of $172.49 and a twelve month high of $288.95. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 34.99 and a beta of 0.77.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, hitting the consensus estimate of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The company had revenue of $402.30 million for the quarter, compared to analyst estimates of $400.44 million. During the same quarter in the prior year, the business posted $1.92 EPS. VeriSign's quarterly revenue was up 4.7% on a year-over-year basis.
VeriSign Announces Dividend
The firm also recently declared a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's dividend payout ratio (DPR) is 37.65%.
Insider Transactions at VeriSign
In related news, SVP John Calys sold 400 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $281.97, for a total value of $112,788.00. Following the transaction, the senior vice president now directly owns 23,335 shares in the company, valued at approximately $6,579,769.95. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Yehuda Ari Buchalter sold 600 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $283.79, for a total transaction of $170,274.00. Following the completion of the transaction, the director now owns 3,735 shares in the company, valued at $1,059,955.65. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,002 shares of company stock worth $4,467,769 in the last 90 days. 0.84% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on VRSN shares. Wall Street Zen upgraded shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. 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 note on Friday, April 25th.
Get Our Latest Stock 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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