Raymond James & Associates Has $4.80 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Raymond James & Associates cut its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,377 shares of the information services provider’s stock after selling 1,716 shares during the period. Raymond James & Associates’ holdings in VeriSign were worth $4,803,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in VeriSign by 17.8% during the 4th quarter. Lindbrook Capital LLC now owns 966 shares of the information services provider’s stock worth $198,000 after buying an additional 146 shares during the period. Greenleaf Trust raised its holdings in VeriSign by 10.6% during the 3rd quarter. Greenleaf Trust now owns 2,625 shares of the information services provider’s stock worth $456,000 after purchasing an additional 251 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in VeriSign during the 3rd quarter worth approximately $4,882,000. Signaturefd LLC raised its holdings in VeriSign by 18.3% during the 4th quarter. Signaturefd LLC now owns 2,650 shares of the information services provider’s stock worth $544,000 after purchasing an additional 409 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new position in VeriSign during the 3rd quarter worth approximately $233,000. 91.21% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Stock Down 2.4 %

NASDAQ:VRSN opened at $223.02 on Wednesday. The company has a fifty day moving average of $213.90 and a 200-day moving average of $207.05. The firm has a market capitalization of $23.26 billion, a P/E ratio of 34.21 and a beta of 1.01. VeriSign, Inc. has a twelve month low of $155.25 and a twelve month high of $229.72.

VeriSign (NASDAQ:VRSN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $364.40 million during the quarter, compared to analyst estimates of $367.32 million. VeriSign had a net margin of 48.20% and a negative return on equity of 45.19%. VeriSign’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. On average, analysts anticipate that VeriSign, Inc. will post 6.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VRSN. StockNews.com began coverage on shares of VeriSign in a report on Thursday, May 18th. They set a “hold” rating for the company. Citigroup raised their price target on shares of VeriSign from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Monday, February 13th.

Insider Activity

In other VeriSign news, CEO D James Bidzos sold 8,000 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $200.07, for a total transaction of $1,600,560.00. Following the completion of the sale, the chief executive officer now owns 661,810 shares in the company, valued at approximately $132,408,326.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other VeriSign news, CEO D James Bidzos sold 8,000 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $200.07, for a total transaction of $1,600,560.00. Following the completion of the sale, the chief executive officer now owns 661,810 shares in the company, valued at approximately $132,408,326.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Danny R. Mcpherson sold 125 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $201.88, for a total transaction of $25,235.00. Following the sale, the executive vice president now owns 27,536 shares of the company’s stock, valued at approximately $5,558,967.68. The disclosure for this sale can be found here. Insiders sold 43,259 shares of company stock worth $9,206,145 in the last quarter. 0.94% of the stock is owned by corporate insiders.

VeriSign Profile

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VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.