VeriSign, Inc. (VRSN) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 13.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,413 shares of the information services provider’s stock after selling 211 shares during the period. Quadrant Capital Group LLC’s holdings in VeriSign were worth $126,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VRSN. Tower Research Capital LLC TRC increased its holdings in VeriSign by 24.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock valued at $105,000 after purchasing an additional 237 shares during the period. Global X Management Co. LLC increased its holdings in VeriSign by 52.6% during the 1st quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 496 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in VeriSign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 255 shares during the period. Pacer Advisors Inc. increased its holdings in VeriSign by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 55 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in VeriSign by 109.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 876 shares during the period.

VeriSign, Inc. (VRSN) traded up 0.63% on Thursday, hitting $108.97. The company’s stock had a trading volume of 101,682 shares. VeriSign, Inc. has a 12 month low of $74.46 and a 12 month high of $110.82. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 29.70 and a beta of 1.19. The firm has a 50 day moving average of $104.82 and a 200 day moving average of $95.95.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The firm had revenue of $289.00 million during the quarter, compared to the consensus estimate of $287.47 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

In other news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the sale, the director now owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

A number of research analysts recently issued reports on VRSN shares. BidaskClub downgraded VeriSign from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Robert W. Baird set a $105.00 price target on VeriSign and gave the company a “hold” rating in a report on Friday, October 6th. Cowen and Company restated a “market perform” rating and set a $94.00 price target on shares of VeriSign in a report on Monday, July 3rd. Finally, Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. VeriSign presently has an average rating of “Hold” and an average target price of $99.50.

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About VeriSign

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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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