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Ninety One UK Ltd Has $983.81 Million Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

VeriSign logo with Computer and Technology background

Ninety One UK Ltd reduced its stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,875,260 shares of the information services provider's stock after selling 36,200 shares during the quarter. VeriSign accounts for 2.7% of Ninety One UK Ltd's holdings, making the stock its 9th biggest holding. Ninety One UK Ltd owned approximately 4.12% of VeriSign worth $983,812,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in VeriSign by 13,000.0% in the first quarter. Rakuten Securities Inc. now owns 131 shares of the information services provider's stock valued at $33,000 after buying an additional 130 shares in the last quarter. UMB Bank n.a. boosted its stake in VeriSign by 106.5% in the first quarter. UMB Bank n.a. now owns 159 shares of the information services provider's stock valued at $40,000 after buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in VeriSign in the first quarter valued at about $47,000. Whipplewood Advisors LLC raised its position in VeriSign by 48.8% in the first quarter. Whipplewood Advisors LLC now owns 186 shares of the information services provider's stock valued at $47,000 after purchasing an additional 61 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new position in VeriSign in the first quarter valued at about $58,000. 92.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Robert W. Baird increased their target price on VeriSign from $285.00 to $305.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Finally, Citigroup reiterated a "buy" rating on shares of VeriSign in a research report on Tuesday.

Check Out Our Latest Stock Analysis on VRSN

VeriSign Stock Performance

Shares of VRSN traded down $3.90 during mid-day trading on Friday, reaching $281.39. 532,590 shares of the company were exchanged, compared to its average volume of 757,810. VeriSign, Inc. has a 52 week low of $172.49 and a 52 week high of $291.54. The stock has a market capitalization of $26.42 billion, a PE ratio of 34.40 and a beta of 0.78. The business has a 50 day simple moving average of $281.09 and a two-hundred day simple moving average of $249.37.

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

VeriSign Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were given 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 other news, CEO D James Bidzos sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $276.71, for a total transaction of $1,383,550.00. Following the completion of the transaction, the chief executive officer directly owned 544,772 shares in the company, valued at $150,743,860.12. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yehuda Ari Buchalter sold 600 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $283.79, for a total value of $170,274.00. Following the transaction, the director owned 3,735 shares of the company's stock, valued at $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 sold 33,004 shares of company stock worth $9,305,492 over the last ninety days. 0.84% of the stock is owned by insiders.

About VeriSign

(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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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