Bryn Mawr Capital Management LLC Invests $214,000 in VeriSign, Inc. (NASDAQ:VRSN)

Bryn Mawr Capital Management LLC bought a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,035 shares of the information services provider’s stock, valued at approximately $214,000.

Other large investors have also modified their holdings of the company. Empirical Finance LLC lifted its position in VeriSign by 1.9% during the 3rd 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 period. West Family Investments Inc. boosted its position in 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 lifted its stake in shares of VeriSign by 5.1% in the 4th quarter. CX Institutional now owns 1,173 shares of the information services provider’s stock valued at $243,000 after purchasing an additional 57 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in 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 valued at $296,000 after buying an additional 74 shares in the last quarter. Finally, Keystone Financial Services raised its holdings in shares of VeriSign by 7.6% during the 4th quarter. Keystone Financial Services now owns 1,137 shares of the information services provider’s stock valued at $235,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Buying and Selling

In related news, SVP John Calys sold 447 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. This represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president now owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

VeriSign Trading Down 0.9 %

VeriSign stock opened at $235.03 on Friday. The company has a market capitalization of $22.23 billion, a P/E ratio of 29.38 and a beta of 0.90. The firm’s fifty day simple moving average is $215.70 and its 200-day simple moving average is $195.52. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $239.95.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, meeting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

About VeriSign

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.