Oppenheimer Asset Management Inc. Raises Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Oppenheimer Asset Management Inc. increased its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,303 shares of the information services provider's stock after acquiring an additional 1,586 shares during the period. Oppenheimer Asset Management Inc.'s holdings in VeriSign were worth $9,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRSN. Truist Financial Corp raised its stake in VeriSign by 12.2% in the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider's stock worth $4,235,000 after acquiring an additional 2,218 shares during the last quarter. Venturi Wealth Management LLC raised its stake 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 last quarter. Capital Advisors Ltd. LLC raised its stake in shares of VeriSign by 46.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 272 shares of the information services provider's stock valued at $56,000 after buying an additional 86 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of VeriSign during the 4th quarter valued at about $49,000. Finally, GraniteShares Advisors LLC purchased a new position in shares of VeriSign during the 4th quarter valued at about $509,000. Hedge funds and other institutional investors own 92.90% of the company's stock.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 501 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $282.00, for a total transaction of $141,282.00. Following the completion of the sale, the executive vice president now directly owns 39,719 shares in the company, valued at approximately $11,200,758. The trade was a 1.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Calys sold 400 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $281.97, for a total value of $112,788.00. Following the sale, the senior vice president now owns 23,335 shares of the company's stock, valued at approximately $6,579,769.95. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,002 shares of company stock worth $7,013,599 in the last 90 days. Corporate insiders own 0.84% of the company's stock.

VeriSign Stock Performance

NASDAQ VRSN opened at $282.89 on Tuesday. The stock has a 50-day simple moving average of $274.35 and a two-hundred day simple moving average of $241.53. The firm has a market capitalization of $26.56 billion, a P/E ratio of 34.58 and a beta of 0.77. VeriSign, Inc. has a fifty-two week low of $172.49 and a fifty-two week high of $288.95.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 earnings per share for the quarter, meeting the consensus estimate of $2.10. VeriSign had a negative return on equity of 41.37% and a net margin of 50.23%. The firm had revenue of $402.30 million during the quarter, compared to analyst estimates of $400.44 million. During the same quarter in the previous year, the business earned $1.92 EPS. VeriSign's revenue for the quarter was up 4.7% compared to the same quarter last year.

VeriSign Announces Dividend

The firm 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 of this dividend was Monday, May 19th. VeriSign's dividend payout ratio is presently 37.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Robert W. Baird lifted 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.

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.

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