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Macquarie Group Ltd. reduced its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,643 shares of the information services provider’s stock after selling 11,400 shares during the period. Macquarie Group Ltd. owned about 0.06% of Verisign worth $4,461,000 at the end of the most recent quarter.


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Several other hedge funds have also recently bought and sold shares of VRSN. BlackRock Fund Advisors increased its stake in Verisign by 0.8% in the third quarter. BlackRock Fund Advisors now owns 1,659,396 shares of the information services provider’s stock valued at $129,831,000 after buying an additional 12,396 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake in Verisign by 8.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 17,001 shares of the information services provider’s stock valued at $1,331,000 after buying an additional 1,392 shares during the last quarter. Sei Investments Co. increased its stake in Verisign by 14.2% in the third quarter. Sei Investments Co. now owns 35,200 shares of the information services provider’s stock valued at $2,754,000 after buying an additional 4,384 shares during the last quarter. Penserra Capital Management LLC increased its stake in Verisign by 29.5% in the third quarter. Penserra Capital Management LLC now owns 162,111 shares of the information services provider’s stock valued at $12,683,000 after buying an additional 36,904 shares during the last quarter. Finally, Hikari Power Ltd purchased a new stake in Verisign during the third quarter valued at $493,000.

Verisign, Inc. (NASDAQ:VRSN) traded up 0.72% on Friday, reaching $89.19. The company’s stock had a trading volume of 737,773 shares. The stock has a 50 day moving average price of $88.76 and a 200-day moving average price of $83.40. Verisign, Inc. has a 1-year low of $74.01 and a 1-year high of $91.80. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 25.19 and a beta of 1.20.

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Verisign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. Verisign had a net margin of 38.58% and a negative return on equity of 36.88%. The firm had revenue of $288.60 million for the quarter, compared to the consensus estimate of $284.70 million. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts predict that Verisign, Inc. will post $3.94 earnings per share for the current fiscal year.


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Several research firms have commented on VRSN. Cowen and Company upped their price objective on Verisign from $89.00 to $94.00 and gave the company a “market perform” rating in a research note on Monday, April 3rd. Zacks Investment Research upgraded Verisign from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Thursday, March 2nd. Citigroup Inc upgraded Verisign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. Finally, Robert W. Baird restated a “neutral” rating and issued a $85.00 price target on shares of Verisign in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $87.40.

ref: themarketsdaily.com

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