Illinois Municipal Retirement Fund Has $3.52 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Illinois Municipal Retirement Fund decreased its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 11.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,712 shares of the information services provider’s stock after selling 2,252 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in VeriSign were worth $3,520,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its position in shares of VeriSign by 3.7% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the information services provider’s stock valued at $314,000 after buying an additional 52 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of VeriSign by 9.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 739 shares of the information services provider’s stock valued at $147,000 after buying an additional 65 shares in the last quarter. Gilbert & Cook Inc. raised its position in shares of VeriSign by 6.3% in the 4th quarter. Gilbert & Cook Inc. now owns 1,191 shares of the information services provider’s stock valued at $257,000 after buying an additional 71 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of VeriSign by 5.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,875 shares of the information services provider’s stock valued at $406,000 after buying an additional 90 shares in the last quarter. Finally, Transform Wealth LLC grew its holdings in shares of VeriSign by 3.9% during the 4th quarter. Transform Wealth LLC now owns 2,895 shares of the information services provider’s stock valued at $626,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 90.33% of the company’s stock.

In other news, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $202.47, for a total value of $124,114.11. Following the completion of the sale, the executive vice president now owns 54,589 shares in the company, valued at approximately $11,052,634.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO D James Bidzos sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $200.44, for a total transaction of $1,202,640.00. In the last 90 days, insiders have sold 34,778 shares of company stock worth $7,080,168. Corporate insiders own 1.35% of the company’s stock.

Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of VeriSign from a “b-” rating to a “c+” rating in a report on Tuesday, January 26th. Citigroup lifted their price target on shares of VeriSign from $235.00 to $245.00 in a report on Friday, April 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of VeriSign from $235.00 to $245.00 in a report on Friday, April 23rd. Finally, Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating and set a $213.00 target price on the stock. in a report on Monday, February 15th.

VeriSign stock opened at $221.25 on Tuesday. VeriSign, Inc. has a 12-month low of $184.60 and a 12-month high of $222.49. The firm’s fifty day moving average is $203.87 and its 200 day moving average is $201.78. The company has a market capitalization of $24.92 billion, a PE ratio of 32.83 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, April 22nd. The information services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. VeriSign had a net margin of 63.32% and a negative return on equity of 54.86%. The company had revenue of $323.62 million for the quarter, compared to the consensus estimate of $322.82 million. During the same quarter in the previous year, the company earned $1.42 EPS. VeriSign’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that VeriSign, Inc. will post 5.26 earnings per share for the current fiscal year.

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. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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