Jump Financial LLC Has $291,000 Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Jump Financial LLC decreased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 91.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,413 shares of the information services provider’s stock after selling 14,273 shares during the quarter. Jump Financial LLC’s holdings in VeriSign were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its position in shares of VeriSign by 14.7% in the 3rd quarter. Morgan Stanley now owns 1,826,836 shares of the information services provider’s stock valued at $369,989,000 after acquiring an additional 233,811 shares during the period. AQR Capital Management LLC boosted its position in shares of VeriSign by 99.0% during the third quarter. AQR Capital Management LLC now owns 442,523 shares of the information services provider’s stock worth $89,624,000 after purchasing an additional 220,106 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of VeriSign by 471.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 238,978 shares of the information services provider’s stock valued at $49,220,000 after buying an additional 197,169 shares during the period. Invesco Ltd. increased its position in shares of VeriSign by 13.1% in the 3rd quarter. Invesco Ltd. now owns 1,090,068 shares of the information services provider’s stock valued at $220,771,000 after buying an additional 125,901 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of VeriSign by 16.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 749,534 shares of the information services provider’s stock valued at $151,802,000 after buying an additional 105,901 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VRSN. Citigroup lowered their price target on VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, April 26th.

VeriSign Price Performance

VRSN stock opened at $171.17 on Friday. The stock has a market capitalization of $17.05 billion, a P/E ratio of 21.03 and a beta of 0.89. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $228.26. The business has a 50-day moving average of $180.49 and a 200-day moving average of $195.17.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.06. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. The company had revenue of $384.30 million during the quarter, compared to analysts’ expectations of $381.85 million. During the same period last year, the business earned $1.70 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis.

Insider Transactions at VeriSign

In related news, EVP Thomas C. Indelicarto sold 614 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the transaction, the executive vice president now directly owns 42,569 shares in the company, valued at $8,088,110. The sale was disclosed in a filing with the SEC, which is available through this link. In other VeriSign news, Director Yehuda Ari Buchalter sold 866 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $170.01, for a total transaction of $147,228.66. Following the completion of the sale, the director now owns 3,661 shares of the company’s stock, valued at approximately $622,406.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction on Tuesday, April 2nd. 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 directly owns 42,569 shares of the company’s stock, valued at $8,088,110. The disclosure for this sale can be found here. Insiders have sold a total of 6,170 shares of company stock worth $1,143,183 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

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.