VeriSign, Inc. (NASDAQ:VRSN) Position Increased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 46.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 272 shares of the information services provider’s stock after acquiring an additional 86 shares during the period. Capital Advisors Ltd. LLC’s holdings in VeriSign were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Empirical Finance LLC grew its position in shares of VeriSign by 1.9% during the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after acquiring an additional 57 shares during the last quarter. West Family Investments Inc. grew its position in shares of VeriSign by 3.9% during the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after acquiring an additional 57 shares during the last quarter. CX Institutional grew its position in shares of VeriSign by 5.1% during the fourth quarter. CX Institutional now owns 1,173 shares of the information services provider’s stock worth $243,000 after acquiring an additional 57 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of VeriSign by 5.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider’s stock worth $296,000 after acquiring an additional 74 shares during the last quarter. Finally, Keystone Financial Services grew its position in shares of VeriSign by 7.6% during the fourth quarter. Keystone Financial Services now owns 1,137 shares of the information services provider’s stock worth $235,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now directly owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by corporate insiders.

VeriSign Stock Up 0.6 %

VRSN stock opened at $233.15 on Tuesday. The company has a market capitalization of $22.06 billion, a P/E ratio of 29.14 and a beta of 0.90. The company has a 50-day simple moving average of $213.09 and a 200 day simple moving average of $194.51. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $236.20.

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 the consensus estimate of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRSN. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Citigroup upped their price objective on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

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.