Oppenheimer Asset Management Inc. Has $9.98 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Oppenheimer Asset Management Inc. lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,303 shares of the information services provider's stock after buying an additional 1,586 shares during the period. Oppenheimer Asset Management Inc.'s holdings in VeriSign were worth $9,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp grew its position in VeriSign by 12.2% in the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider's stock valued at $4,235,000 after buying an additional 2,218 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of 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. Capital Advisors Ltd. LLC boosted its holdings in shares of VeriSign by 46.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 272 shares of the information services provider's stock valued at $56,000 after acquiring an additional 86 shares in the last quarter. BankPlus Trust Department bought a new position in shares of VeriSign in the fourth quarter valued at approximately $49,000. Finally, GraniteShares Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter valued at approximately $509,000. 92.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen raised VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Robert W. Baird lifted their target price on VeriSign from $275.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, April 25th.

Insider Buying and Selling at VeriSign

In other VeriSign news, Director Yehuda Ari Buchalter sold 600 shares of the business'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 sale, the director now directly owns 3,735 shares of the company's stock, valued at $1,059,955.65. The trade was a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO D James Bidzos sold 5,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $280.40, for a total value of $1,402,000.00. Following the completion of the sale, the chief executive officer now owns 553,625 shares of the company's stock, valued at $155,236,450. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,002 shares of company stock valued at $7,013,599. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Stock Up 1.6%

NASDAQ:VRSN traded up $4.47 during trading hours on Friday, reaching $287.68. 1,009,916 shares of the company's stock were exchanged, compared to its average volume of 754,922. The company has a market capitalization of $27.01 billion, a P/E ratio of 35.17 and a beta of 0.77. VeriSign, Inc. has a 12 month low of $172.49 and a 12 month high of $288.95. The business's 50-day simple moving average is $276.51 and its two-hundred day simple moving average is $242.69.

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

VeriSign Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's payout ratio is presently 37.65%.

VeriSign 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.