Mill Capital Management LLC Purchases 59 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mill Capital Management LLC raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,045 shares of the information services provider’s stock after purchasing an additional 59 shares during the period. VeriSign accounts for approximately 1.1% of Mill Capital Management LLC’s holdings, making the stock its 28th biggest position. Mill Capital Management LLC’s holdings in VeriSign were worth $13,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC bought a new position in shares of VeriSign during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new position in shares of VeriSign during the 4th quarter valued at about $26,000. Venturi Wealth Management LLC boosted its holdings in shares of VeriSign by 127.2% during the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. BankPlus Trust Department bought a new position in shares of VeriSign during the 4th quarter valued at about $49,000. Finally, Spire Wealth Management boosted its holdings in shares of VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Trading Up 0.9 %

Shares of NASDAQ VRSN opened at $244.51 on Monday. The firm’s 50-day moving average price is $226.47 and its 200-day moving average price is $202.36. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 30.56 and a beta of 0.87. VeriSign, Inc. has a 12-month low of $167.05 and a 12-month high of $247.26.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.

Insider Buying and Selling

In related news, SVP John Calys sold 447 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares of the company’s stock, valued at $5,500,586.25. This represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRSN has been the subject of several research reports. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $200.00 to $250.00 in a report on Monday, December 9th. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Citigroup upped their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th.

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.