1,332 Shares in VeriSign, Inc. (NASDAQ:VRSN) Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased 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 & Exchange Commission. The institutional investor purchased 1,332 shares of the information services provider's stock, valued at approximately $276,000.

Several other large investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in VeriSign during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new position in shares of VeriSign in the fourth quarter valued at about $26,000. Venturi Wealth Management LLC boosted its holdings in VeriSign by 127.2% in the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of VeriSign during the 4th quarter worth approximately $49,000. Finally, Spire Wealth Management increased its holdings in VeriSign by 69.8% in the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock valued at $52,000 after buying an additional 104 shares in the last quarter. Institutional investors own 92.90% of the company's stock.

Analyst Ratings Changes

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

VeriSign Stock Up 0.1%

Shares of NASDAQ VRSN traded up $0.30 during trading on Friday, hitting $268.98. 148,885 shares of the company traded hands, compared to its average volume of 753,838. The firm has a market capitalization of $25.26 billion, a P/E ratio of 33.71 and a beta of 0.80. The company has a 50-day moving average price of $263.19 and a 200-day moving average price of $229.75. VeriSign, Inc. has a 1 year low of $168.79 and a 1 year high of $288.95.

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

VeriSign Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were paid a $0.77 dividend. The ex-dividend date was Monday, May 19th. VeriSign's dividend payout ratio is currently 37.65%.

Insider Transactions at VeriSign

In related news, SVP John Calys sold 400 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $281.97, for a total transaction of $112,788.00. Following the sale, the senior vice president now directly owns 23,335 shares in the company, valued at $6,579,769.95. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $170,274.00. Following the completion of the sale, the director now owns 3,735 shares of the company's stock, valued at approximately $1,059,955.65. This trade represents 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 8,501 shares of company stock valued at $2,387,664 over the last ninety days. 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.