Nitorum Capital L.P. Has $14.61 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Nitorum Capital L.P. reduced its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,574 shares of the information services provider's stock after selling 23,070 shares during the quarter. VeriSign accounts for approximately 1.7% of Nitorum Capital L.P.'s investment portfolio, making the stock its 26th biggest holding. Nitorum Capital L.P. owned approximately 0.07% of VeriSign worth $14,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in VeriSign during the fourth quarter worth $26,000. Crewe Advisors LLC bought a new stake in VeriSign during the fourth quarter worth $26,000. Venturi Wealth Management LLC raised its position in VeriSign by 127.2% during the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock worth $38,000 after acquiring an additional 103 shares in the last quarter. BankPlus Trust Department bought a new stake in VeriSign during the fourth quarter worth $49,000. Finally, Spire Wealth Management raised its position in VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock worth $52,000 after acquiring an additional 104 shares in the last quarter. 92.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VRSN. Citigroup increased their price objective on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Finally, Robert W. Baird increased their price objective on shares of VeriSign from $275.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday.

VeriSign Stock Performance

NASDAQ:VRSN traded up $3.40 during mid-day trading on Monday, reaching $276.19. 1,123,892 shares of the company's stock were exchanged, compared to its average volume of 745,172. VeriSign, Inc. has a one year low of $167.05 and a one year high of $279.46. The firm has a market capitalization of $26.00 billion, a PE ratio of 34.52 and a beta of 0.87. The business's fifty day simple moving average is $244.10 and its two-hundred day simple moving average is $214.88.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, hitting analysts' consensus estimates of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $400.44 million. During the same period last year, the firm earned $1.92 earnings per share. VeriSign's revenue for the quarter was up 4.7% compared to the same quarter last year.

VeriSign Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be given a dividend of $0.77 per share. The ex-dividend date is Monday, May 19th. VeriSign's dividend payout ratio is currently 37.65%.

Insider Buying and Selling at VeriSign

In other news, SVP John Calys sold 447 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the transaction, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.84% of the company's stock.

About VeriSign

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.