Mutual of America Capital Management LLC Has $2.45 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Mutual of America Capital Management LLC lowered its stake in VeriSign, Inc. (NASDAQ:VRSN) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,897 shares of the information services provider’s stock after selling 670 shares during the period. Mutual of America Capital Management LLC’s holdings in VeriSign were worth $2,450,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VRSN. Norges Bank bought a new position in shares of VeriSign in the fourth quarter worth $201,956,000. BlackRock Inc. increased its position in shares of VeriSign by 6.9% in the first quarter. BlackRock Inc. now owns 9,152,000 shares of the information services provider’s stock worth $1,934,092,000 after purchasing an additional 587,635 shares during the period. Morgan Stanley increased its position in shares of VeriSign by 14.7% in the third quarter. Morgan Stanley now owns 1,826,836 shares of the information services provider’s stock worth $369,989,000 after purchasing an additional 233,811 shares during the period. AQR Capital Management LLC increased its position in shares of VeriSign by 99.0% in the third quarter. AQR Capital Management LLC now owns 442,523 shares of the information services provider’s stock worth $89,624,000 after purchasing an additional 220,106 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of VeriSign by 471.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 238,978 shares of the information services provider’s stock worth $49,220,000 after purchasing an additional 197,169 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Up 0.6 %

VeriSign stock opened at $184.12 on Friday. VeriSign, Inc. has a 12-month low of $181.57 and a 12-month high of $229.72. The business’s 50-day moving average price is $190.57 and its two-hundred day moving average price is $200.81. The stock has a market cap of $18.44 billion, a PE ratio of 23.25 and a beta of 0.88.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. VeriSign had a negative return on equity of 46.56% and a net margin of 54.74%. The firm had revenue of $380.40 million for the quarter, compared to analysts’ expectations of $381.01 million. As a group, analysts expect that VeriSign, Inc. will post 7.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VRSN shares. Citigroup decreased their price target on VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

Insider Activity

In other news, EVP Danny R. Mcpherson sold 2,875 shares of VeriSign stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $194.19, for a total transaction of $558,296.25. Following the sale, the executive vice president now directly owns 30,895 shares of the company’s stock, valued at $5,999,500.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Danny R. Mcpherson sold 2,875 shares of VeriSign stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $194.19, for a total transaction of $558,296.25. Following the sale, the executive vice president now directly owns 30,895 shares of the company’s stock, valued at $5,999,500.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $190.00, for a total value of $116,660.00. Following the sale, the executive vice president now directly owns 41,955 shares in the company, valued at $7,971,450. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,877 shares of company stock valued at $2,878,864. 0.94% of the stock is currently owned by corporate insiders.

About VeriSign

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