Nomura Holdings Inc. purchased a new position in Verisign, Inc. (NASDAQ:VRSN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,800 shares of the information services provider’s stock, valued at approximately $4,393,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VRSN. BlackRock Inc. raised its holdings in Verisign by 9.0% in the 1st quarter. BlackRock Inc. now owns 9,645,753 shares of the information services provider’s stock worth $1,751,284,000 after purchasing an additional 797,069 shares during the period. AQR Capital Management LLC raised its holdings in Verisign by 56.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,406,387 shares of the information services provider’s stock worth $290,194,000 after purchasing an additional 506,936 shares during the period. Renaissance Technologies LLC raised its holdings in Verisign by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 7,688,276 shares of the information services provider’s stock worth $1,608,080,000 after purchasing an additional 357,400 shares during the period. Wells Fargo & Company MN raised its holdings in Verisign by 163.6% in the 2nd quarter. Wells Fargo & Company MN now owns 573,625 shares of the information services provider’s stock worth $119,980,000 after purchasing an additional 356,010 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Verisign by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,556,414 shares of the information services provider’s stock worth $2,417,141,000 after purchasing an additional 100,878 shares during the period. 91.45% of the stock is owned by institutional investors.
In related news, Director Timothy Tomlinson sold 575 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $213.50, for a total value of $122,762.50. Following the completion of the transaction, the director now directly owns 34,251 shares in the company, valued at $7,312,588.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
A number of equities analysts have commented on the company. Robert W. Baird increased their target price on Verisign from $210.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, July 26th. ValuEngine cut Verisign from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BidaskClub cut Verisign from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $204.75.
NASDAQ:VRSN opened at $187.25 on Friday. The stock has a market cap of $22.48 billion, a PE ratio of 37.39 and a beta of 1.08. Verisign, Inc. has a one year low of $131.28 and a one year high of $221.78. The stock has a 50 day moving average price of $199.96 and a 200 day moving average price of $199.23.
Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.06. The company had revenue of $306.29 million during the quarter, compared to analyst estimates of $306.57 million. Verisign had a negative return on equity of 43.63% and a net margin of 51.38%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 earnings per share. As a group, sell-side analysts forecast that Verisign, Inc. will post 4.98 EPS for the current year.
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
Featured Article: Lock-Up Period Expiration
Receive News & Ratings for Verisign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisign and related companies with MarketBeat.com's FREE daily email newsletter.