Verisign, Inc. (VRSN) Holdings Raised by IFM Investors Pty Ltd

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.



A number of brokerages have recently weighed in on VRSN. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Monday, December 31st. BidaskClub raised shares of Verisign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Citigroup reissued a “neutral” rating and set a $195.00 price target (up from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. Finally, ValuEngine raised shares of Verisign from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Verisign currently has an average rating of “Buy” and a consensus target price of $175.00.

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.

ILLEGAL ACTIVITY NOTICE: “Verisign, Inc. (VRSN) Holdings Raised by IFM Investors Pty Ltd” was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://dakotafinancialnews.com/2019/04/21/verisign-inc-vrsn-holdings-raised-by-ifm-investors-pty-ltd.html.

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.

Read More: Balanced Fund

Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

Receive News & Ratings for Verisign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisign and related companies with MarketBeat.com's FREE daily email newsletter.