Illinois Municipal Retirement Fund lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 156.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,596 shares of the information services provider's stock after buying an additional 44,260 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.07% of VeriSign worth $12,908,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in VRSN. Blue Trust Inc. grew its stake in VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider's stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC purchased a new position in VeriSign during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VeriSign in the second quarter valued at about $39,000. Finally, Versant Capital Management Inc grew its position in shares of VeriSign by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider's stock worth $58,000 after buying an additional 117 shares during the last quarter. Institutional investors own 92.90% of the company's stock.
VeriSign Price Performance
Shares of VRSN stock traded down $1.60 during trading hours on Friday, reaching $181.84. 528,719 shares of the stock were exchanged, compared to its average volume of 669,692. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The business's fifty day moving average is $179.40 and its two-hundred day moving average is $181.11. The firm has a market capitalization of $18.11 billion, a P/E ratio of 22.34 and a beta of 0.90.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.08. The business had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company's revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $1.79 EPS.
Insider Transactions at VeriSign
In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of the sale, the executive vice president now owns 37,774 shares in the company, valued at $7,177,060. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.84% of the company's stock.
Wall Street Analysts Forecast Growth
VRSN has been the topic of several research reports. StockNews.com downgraded shares of VeriSign from a "buy" rating to a "hold" rating in a report on Sunday, June 16th. Robert W. Baird reiterated a "neutral" rating and issued a $200.00 target price on shares of VeriSign in a research report on Thursday, June 27th.
Read Our Latest Analysis on VRSN
VeriSign Company 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.
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