SG Americas Securities LLC boosted its position in Verisign, Inc. (NASDAQ:VRSN) by 37.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,559 shares of the information services provider’s stock after buying an additional 7,443 shares during the period. SG Americas Securities LLC’s holdings in Verisign were worth $2,401,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Verisign during the fourth quarter worth approximately $91,110,000. Two Sigma Advisers LP increased its stake in Verisign by 51.0% in the third quarter. Two Sigma Advisers LP now owns 873,780 shares of the information services provider’s stock worth $68,365,000 after buying an additional 295,000 shares during the period. Strs Ohio increased its stake in Verisign by 341.2% in the first quarter. Strs Ohio now owns 374,574 shares of the information services provider’s stock worth $32,629,000 after buying an additional 289,680 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Verisign by 7.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,627,611 shares of the information services provider’s stock worth $283,825,000 after buying an additional 248,488 shares during the last quarter. Finally, NorthCoast Asset Management LLC acquired a new stake in shares of Verisign during the third quarter worth about $13,552,000.
Shares of Verisign, Inc. (NASDAQ VRSN) traded up 0.29% during mid-day trading on Friday, reaching $92.55. 443,163 shares of the company’s stock traded hands. Verisign, Inc. has a 12-month low of $74.01 and a 12-month high of $92.77. The company’s 50 day moving average is $89.62 and its 200 day moving average is $84.04. The company has a market cap of $9.39 billion, a P/E ratio of 26.14 and a beta of 1.20.
Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.86 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.86. The firm had revenue of $288.60 million for the quarter, compared to analysts’ expectations of $284.70 million. Verisign had a net margin of 38.58% and a negative return on equity of 36.88%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, analysts predict that Verisign, Inc. will post $3.94 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Verisign from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup Inc upgraded shares of Verisign from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 12th. Cowen and Company lifted their target price on shares of Verisign from $89.00 to $94.00 and gave the company a “market perform” rating in a research note on Monday, April 3rd. Finally, Robert W. Baird restated a “neutral” rating and set a $85.00 target price on shares of Verisign in a research note on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $87.60.