State Board of Administration of Florida Retirement System Grows Position in VeriSign, Inc. (NASDAQ:VRSN)

State Board of Administration of Florida Retirement System grew its stake in VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,631 shares of the information services provider’s stock after purchasing an additional 636 shares during the period. State Board of Administration of Florida Retirement System owned about 0.12% of VeriSign worth $28,615,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of VeriSign by 4.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,564 shares of the information services provider’s stock valued at $398,000 after buying an additional 69 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of VeriSign by 8.7% during the 1st quarter. Virginia Retirement Systems ET AL now owns 43,700 shares of the information services provider’s stock valued at $9,722,000 after buying an additional 3,500 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of VeriSign by 5.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,764 shares of the information services provider’s stock valued at $955,000 after buying an additional 204 shares in the last quarter. West Family Investments Inc. lifted its position in shares of VeriSign by 15.1% during the 4th quarter. West Family Investments Inc. now owns 1,413 shares of the information services provider’s stock valued at $359,000 after buying an additional 185 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of VeriSign by 5.0% during the 4th quarter. Amalgamated Bank now owns 27,844 shares of the information services provider’s stock valued at $7,067,000 after buying an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Insider Buying and Selling at VeriSign

In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $186.80, for a total value of $127,958.00. Following the completion of the sale, the director now directly owns 15,692 shares of the company’s stock, valued at approximately $2,931,265.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered VeriSign from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $260.00 to $210.00 in a research report on Friday, April 29th.

VeriSign Stock Performance

Shares of VRSN stock opened at $198.70 on Friday. The stock’s fifty day moving average is $175.29 and its two-hundred day moving average is $194.35. The firm has a market capitalization of $21.32 billion, a P/E ratio of 27.07 and a beta of 1.00. VeriSign, Inc. has a fifty-two week low of $155.25 and a fifty-two week high of $257.03.

VeriSign (NASDAQ:VRSNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. The company had revenue of $351.90 million for the quarter, compared to analyst estimates of $348.77 million. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. On average, equities analysts forecast that VeriSign, Inc. will post 6.05 earnings per share for the current year.

About VeriSign

(Get Rating)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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