Baird Financial Group Inc. decreased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 8.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 47,146 shares of the company’s stock after selling 4,491 shares during the period. Baird Financial Group Inc.’s holdings in VeriSign were worth $3,586,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in shares of VeriSign by 50.9% in the third quarter. Global X Management Co. LLC now owns 1,760 shares of the company’s stock worth $138,000 after buying an additional 594 shares during the period. Conning Inc. raised its stake in shares of VeriSign by 8.4% in the third quarter. Conning Inc. now owns 2,714 shares of the company’s stock worth $212,000 after buying an additional 210 shares during the period. Toronto Dominion Bank raised its stake in shares of VeriSign by 407.9% in the third quarter. Toronto Dominion Bank now owns 2,753 shares of the company’s stock worth $216,000 after buying an additional 2,211 shares during the period. Concert Wealth Management Inc. raised its stake in shares of VeriSign by 2.1% in the second quarter. Concert Wealth Management Inc. now owns 2,859 shares of the company’s stock worth $247,000 after buying an additional 59 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of VeriSign during the third quarter worth about $284,000.
Shares of VeriSign, Inc. (NASDAQ:VRSN) traded up 0.52% during midday trading on Friday, hitting $82.35. 104,192 shares of the company’s stock were exchanged. VeriSign, Inc. has a 52 week low of $74.01 and a 52 week high of $91.99. The company has a 50-day moving average of $80.81 and a 200-day moving average of $79.32. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 24.08 and a beta of 1.20.
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VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.04. VeriSign had a net margin of 38.58% and a negative return on equity of 36.88%. The business had revenue of $286 million for the quarter, compared to analyst estimates of $282.97 million. During the same period in the prior year, the business posted $0.79 earnings per share. VeriSign’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that VeriSign, Inc. will post $3.86 EPS for the current fiscal year.
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Separately, Zacks Investment Research raised shares of VeriSign from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Monday, October 24th.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.
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