VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lessened its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,333 shares of the information services provider’s stock after selling 113 shares during the period. Linden Thomas Advisory Services LLC’s holdings in VeriSign were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Concord Wealth Partners grew its position in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. Tobam raised its holdings in VeriSign by 61.1% during the third quarter. Tobam now owns 311 shares of the information services provider’s stock worth $59,000 after purchasing an additional 118 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in VeriSign in the third quarter worth approximately $76,000. Blue Trust Inc. lifted its position in VeriSign by 138.6% in the third quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock worth $75,000 after purchasing an additional 244 shares during the period. Finally, True Wealth Design LLC boosted its stake in VeriSign by 16,966.7% during the 3rd quarter. True Wealth Design LLC now owns 512 shares of the information services provider’s stock valued at $97,000 after purchasing an additional 509 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Up 2.0 %

VeriSign stock opened at $210.73 on Friday. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $213.68. The company’s fifty day simple moving average is $198.89 and its 200-day simple moving average is $187.88. The stock has a market cap of $20.25 billion, a P/E ratio of 24.50 and a beta of 0.89.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VRSN. Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $200.00 to $250.00 in a report on Monday, December 9th. Citigroup lifted their price objective on shares of VeriSign from $210.00 to $238.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

Insider Transactions at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares in the company, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is owned by corporate insiders.

VeriSign Company Profile

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.