IFM Investors Pty Ltd boosted its position in Verisign, Inc. (NASDAQ:VRSN) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,075 shares of the information services provider’s stock after acquiring an additional 658 shares during the period. IFM Investors Pty Ltd’s holdings in Verisign were worth $1,285,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in VRSN. Wedbush Securities Inc. bought a new stake in shares of Verisign during the 1st quarter valued at about $236,000. Nisa Investment Advisors LLC boosted its stake in shares of Verisign by 10.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 38,551 shares of the information services provider’s stock valued at $6,999,000 after purchasing an additional 3,628 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Verisign by 3.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 8,883 shares of the information services provider’s stock valued at $1,613,000 after purchasing an additional 300 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Verisign during the 1st quarter valued at about $95,000. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Verisign by 12.9% during the 1st quarter. Flagship Harbor Advisors LLC now owns 620 shares of the information services provider’s stock valued at $112,000 after purchasing an additional 71 shares in the last quarter. 94.04% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Timothy Tomlinson sold 580 shares of Verisign stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $175.12, for a total transaction of $101,569.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.35% of the company’s stock.
Shares of NASDAQ VRSN opened at $186.65 on Friday. Verisign, Inc. has a 1 year low of $116.15 and a 1 year high of $191.20. The stock has a market cap of $22.29 billion, a P/E ratio of 39.29 and a beta of 1.07.
Verisign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, February 7th. The information services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.37. Verisign had a net margin of 47.94% and a negative return on equity of 42.50%. The company had revenue of $307.45 million during the quarter, compared to analysts’ expectations of $308.64 million. During the same period last year, the company posted $0.96 EPS. Verisign’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Verisign, Inc. will post 4.75 earnings per share for the current year.
Verisign Company Profile
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
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