WINTON GROUP Ltd trimmed its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 48.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,450 shares of the information services provider’s stock after selling 63,071 shares during the quarter. WINTON GROUP Ltd owned 0.07% of VeriSign worth $6,177,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of VeriSign by 24.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock worth $105,000 after purchasing an additional 237 shares during the last quarter. Global X Management Co. LLC increased its position in shares of VeriSign by 52.6% during the 1st quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock worth $125,000 after purchasing an additional 496 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of VeriSign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock worth $133,000 after purchasing an additional 255 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of VeriSign by 109.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock worth $146,000 after purchasing an additional 876 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of VeriSign by 5.1% during the 1st quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock worth $148,000 after purchasing an additional 82 shares during the last quarter.
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In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen A. Cote sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the sale, the director now owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.
VeriSign, Inc. (VRSN) traded up 0.09% during trading on Monday, reaching $108.32. The company’s stock had a trading volume of 78,899 shares. VeriSign, Inc. has a 1-year low of $75.15 and a 1-year high of $110.82. The company’s 50-day moving average is $105.32 and its 200-day moving average is $96.32. The company has a market capitalization of $10.82 billion, a P/E ratio of 29.52 and a beta of 1.19.
VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $287.47 million. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts anticipate that VeriSign, Inc. will post $3.97 EPS for the current year.
VRSN has been the subject of a number of recent analyst reports. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Cowen and Company reissued a “market perform” rating and set a $94.00 price objective on shares of VeriSign in a research report on Monday, July 3rd. Robert W. Baird reissued a “hold” rating and set a $105.00 price objective on shares of VeriSign in a research report on Thursday, August 31st. Finally, Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $99.50.
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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