Quadrature Capital Ltd Takes Position in VeriSign, Inc. (NASDAQ:VRSN)

Quadrature Capital Ltd purchased a new position in shares of VeriSign, Inc. (NASDAQ:VRSNFree Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,464 shares of the information services provider’s stock, valued at approximately $1,331,000.

Other large investors have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its holdings in shares of VeriSign by 52.0% in the third 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 increased its position in shares of VeriSign by 158.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 111 shares during the period. CX Institutional bought a new position in shares of VeriSign during the fourth quarter valued at about $79,000. GAMMA Investing LLC bought a new position in shares of VeriSign during the fourth quarter valued at about $97,000. Finally, Tacita Capital Inc bought a new position in shares of VeriSign during the third quarter valued at about $111,000. 92.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Robert W. Baird lowered their price objective on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a research note on Saturday.

Check Out Our Latest Stock Report on VeriSign

VeriSign Price Performance

VRSN stock opened at $180.13 on Tuesday. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $226.80. The company has a market cap of $17.94 billion, a P/E ratio of 22.13 and a beta of 0.91. The firm has a 50-day moving average of $177.46 and a 200 day moving average of $192.47.

VeriSign (NASDAQ:VRSNGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $381.85 million. During the same period in the prior year, the firm earned $1.70 earnings per share. VeriSign’s revenue was up 5.5% on a year-over-year basis.

Insider Buying and Selling

In related news, EVP Danny R. Mcpherson sold 1,200 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $170.14, for a total value of $204,168.00. Following the completion of the transaction, the executive vice president now directly owns 29,181 shares of the company’s stock, valued at $4,964,855.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other VeriSign news, EVP Danny R. Mcpherson sold 1,200 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $170.14, for a total value of $204,168.00. Following the sale, the executive vice president now owns 29,181 shares in the company, valued at $4,964,855.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Yehuda Ari Buchalter sold 866 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $622,406.61. The disclosure for this sale can be found here. Insiders sold a total of 3,295 shares of company stock valued at $584,887 over the last three months. Corporate insiders own 0.84% of the company’s stock.

VeriSign Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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