930 Shares in VeriSign, Inc. (NASDAQ:VRSN) Acquired by Trust Co. of Oklahoma

Trust Co. of Oklahoma purchased a new stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 930 shares of the information services provider's stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC raised its position in VeriSign by 179.1% in the first quarter. Pallas Capital Advisors LLC now owns 14,557 shares of the information services provider's stock worth $3,696,000 after acquiring an additional 9,341 shares during the period. Farther Finance Advisors LLC grew its position in shares of VeriSign by 6.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,017 shares of the information services provider's stock valued at $259,000 after purchasing an additional 64 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of VeriSign in the 1st quarter valued at about $233,000. Patriot Financial Group Insurance Agency LLC raised its stake in VeriSign by 8.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,549 shares of the information services provider's stock valued at $393,000 after purchasing an additional 120 shares in the last quarter. Finally, UMB Bank n.a. grew its position in VeriSign by 106.5% in the first quarter. UMB Bank n.a. now owns 159 shares of the information services provider's stock worth $40,000 after acquiring an additional 82 shares in the last quarter. 92.90% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 501 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $275.44, for a total transaction of $137,995.44. Following the completion of the transaction, the executive vice president now owns 39,272 shares in the company, valued at approximately $10,817,079.68. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Calys sold 400 shares of the firm's stock in a transaction that occurred 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 owns 23,335 shares of the company's stock, valued at $6,579,769.95. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,002 shares of company stock valued at $2,525,659 in the last ninety days. 0.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in 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.

VeriSign Trading Down 0.5%

VeriSign stock traded down $1.39 during mid-day trading on Tuesday, hitting $278.49. The company had a trading volume of 660,682 shares, compared to its average volume of 758,817. VeriSign, Inc. has a 12 month low of $172.49 and a 12 month high of $288.95. The stock's 50 day moving average price is $266.69 and its two-hundred day moving average price is $235.06. The company has a market capitalization of $26.15 billion, a PE ratio of 34.81 and a beta of 0.77.

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

VeriSign Announces Dividend

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

About VeriSign

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.