Eqis Capital Management Inc. acquired a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,760 shares of the information services provider’s stock, valued at approximately $350,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VRSN. Tower Research Capital LLC TRC increased its position in shares of VeriSign by 24.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock worth $105,000 after buying an additional 237 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of VeriSign by 13.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,464 shares of the information services provider’s stock worth $112,000 after buying an additional 174 shares during the period. TrimTabs Asset Management LLC increased its position in shares of VeriSign by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,341 shares of the information services provider’s stock worth $117,000 after buying an additional 632 shares during the period. Global X Management Co. LLC increased its position in shares of VeriSign by 52.6% in the first quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock worth $125,000 after buying an additional 496 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of VeriSign by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after buying an additional 55 shares during the period.
Shares of VeriSign, Inc. (NASDAQ:VRSN) opened at 99.96 on Tuesday. The company has a market cap of $10.14 billion, a P/E ratio of 28.24 and a beta of 1.18. The company’s 50 day moving average is $94.44 and its 200 day moving average is $88.00. VeriSign, Inc. has a one year low of $74.01 and a one year high of $100.28.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. VeriSign had a net margin of 39.13% and a negative return on equity of 36.75%. The business had revenue of $288.60 million during the quarter, compared to the consensus estimate of $284.70 million. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that VeriSign, Inc. will post $3.97 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Cowen and Company lifted their target price on shares of VeriSign from $89.00 to $94.00 and gave the stock a “market perform” rating in a report on Monday, April 3rd. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Finally, Citigroup Inc. raised shares of VeriSign from a “sell” rating to a “neutral” rating in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. VeriSign currently has an average rating of “Hold” and an average price target of $87.80.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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