Distillate Capital Partners LLC Sells 7,551 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Distillate Capital Partners LLC reduced its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,521 shares of the information services provider's stock after selling 7,551 shares during the quarter. Distillate Capital Partners LLC owned 0.08% of VeriSign worth $16,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSN. Crewe Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in VeriSign during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC grew its stake in shares of VeriSign by 127.2% during the 4th 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 position in shares of VeriSign during the 4th quarter worth approximately $49,000. Finally, Spire Wealth Management raised its holdings in shares of VeriSign by 69.8% in the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the transaction, the senior vice president now directly owns 23,735 shares of the company's stock, valued at $5,500,586.25. This represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

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VeriSign Stock Up 1.2 %

Shares of VRSN stock traded up $3.01 on Tuesday, reaching $250.23. The stock had a trading volume of 557,613 shares, compared to its average volume of 742,988. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $258.67. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 31.28 and a beta of 0.87. The firm's 50-day moving average is $239.45 and its two-hundred day moving average is $210.52.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Analysts Set New Price Targets

VRSN has been the subject of a number of analyst reports. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird upped their target price on VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Citigroup increased their price target on VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th.

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.