Cipher Capital LP lessened its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 33.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,465 shares of the information services provider’s stock after selling 10,689 shares during the period. Cipher Capital LP’s holdings in VeriSign were worth $2,284,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of VeriSign by 21.9% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 255 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in VeriSign by 128.6% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock valued at $149,000 after buying an additional 900 shares during the period. Global X Management Co. LLC increased its holdings in VeriSign by 13.4% during the second quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock valued at $152,000 after buying an additional 193 shares during the period. Hikari Power Ltd purchased a new position in VeriSign during the second quarter valued at approximately $207,000. Finally, Brightworth purchased a new position in VeriSign during the third quarter valued at approximately $213,000.
VeriSign, Inc. (NASDAQ VRSN) traded down $0.04 during midday trading on Wednesday, reaching $112.40. 698,061 shares of the company’s stock traded hands, compared to its average volume of 811,398. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45. VeriSign, Inc. has a fifty-two week low of $75.71 and a fifty-two week high of $118.28. The stock has a market capitalization of $11,095.05, a price-to-earnings ratio of 31.44 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The business had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. During the same period in the previous year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. analysts forecast that VeriSign, Inc. will post 3.65 EPS for the current year.
VRSN has been the topic of several research reports. Robert W. Baird set a $105.00 price objective on shares of VeriSign and gave the company a “hold” rating in a report on Friday, October 6th. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Cowen reissued a “hold” rating and set a $103.00 price objective on shares of VeriSign in a report on Sunday, October 29th. Finally, Citigroup lifted their price objective on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One equities research 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. VeriSign currently has an average rating of “Hold” and an average target price of $106.33.
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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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