Metis Global Partners LLC Sells 98 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Metis Global Partners LLC reduced its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,469 shares of the information services provider’s stock after selling 98 shares during the quarter. Metis Global Partners LLC’s holdings in VeriSign were worth $1,126,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VRSN. Cary Street Partners Investment Advisory LLC grew its position in VeriSign by 52.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Baldwin Brothers LLC MA grew its position in VeriSign by 158.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock worth $37,000 after buying an additional 111 shares in the last quarter. Larson Financial Group LLC increased its stake in VeriSign by 251.5% during the third quarter. Larson Financial Group LLC now owns 355 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 254 shares during the period. CX Institutional acquired a new position in VeriSign in the 4th quarter valued at approximately $79,000. Finally, GAMMA Investing LLC bought a new stake in shares of VeriSign in the 4th quarter worth approximately $97,000. 92.90% of the stock is currently owned by institutional investors.

VeriSign Price Performance

NASDAQ VRSN opened at $168.56 on Thursday. The stock’s 50-day moving average is $185.97 and its 200-day moving average is $197.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $229.72. The firm has a market cap of $16.79 billion, a P/E ratio of 20.71 and a beta of 0.89.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.06. The firm had revenue of $384.30 million for the quarter, compared to analyst estimates of $381.85 million. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VRSN shares. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Citigroup dropped their target price on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Finally, Robert W. Baird reduced their price target on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $195.33, for a total transaction of $119,737.29. Following the completion of the transaction, the executive vice president now directly owns 43,143 shares of the company’s stock, valued at $8,427,122.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Thomas C. Indelicarto sold 613 shares of VeriSign stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $195.33, for a total value of $119,737.29. Following the completion of the transaction, the executive vice president now owns 43,143 shares of the company’s stock, valued at approximately $8,427,122.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 614 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $190.00, for a total transaction of $116,660.00. Following the transaction, the executive vice president now owns 41,955 shares in the company, valued at $7,971,450. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,139 shares of company stock valued at $2,731,971. 0.84% of the stock is owned by insiders.

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. 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.