New York State Common Retirement Fund decreased its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,975 shares of the information services provider’s stock after selling 7,150 shares during the period. New York State Common Retirement Fund owned 0.24% of Verisign worth $53,368,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Valeo Financial Advisors LLC increased its position in Verisign by 189.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 165 shares of the information services provider’s stock worth $32,000 after purchasing an additional 108 shares during the last quarter. Parallel Advisors LLC increased its position in Verisign by 92.1% during the third quarter. Parallel Advisors LLC now owns 219 shares of the information services provider’s stock worth $41,000 after purchasing an additional 105 shares during the last quarter. Allred Capital Management LLC acquired a new position in Verisign during the fourth quarter worth approximately $42,000. Whittier Trust Co. increased its position in Verisign by 172.7% during the third quarter. Whittier Trust Co. now owns 240 shares of the information services provider’s stock worth $45,000 after purchasing an additional 152 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Verisign by 34.8% during the fourth quarter. Advisory Services Network LLC now owns 244 shares of the information services provider’s stock worth $47,000 after purchasing an additional 63 shares during the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on VRSN. BidaskClub lowered shares of Verisign from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $201.00 price objective for the company in a research report on Sunday, November 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $212.00.
Verisign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, February 6th. The information services provider reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.02). Verisign had a negative return on equity of 41.23% and a net margin of 49.71%. The business had revenue of $319.54 million during the quarter, compared to analyst estimates of $310.40 million. During the same period in the previous year, the company earned $1.58 EPS. Verisign’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Verisign, Inc. will post 5.16 earnings per share for the current fiscal year.
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
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