Amalgamated Bank Sells 788 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Amalgamated Bank reduced its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,908 shares of the information services provider’s stock after selling 788 shares during the quarter. Amalgamated Bank’s holdings in VeriSign were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in VRSN. Empirical Finance LLC raised its stake 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 buying an additional 57 shares during the last quarter. West Family Investments Inc. grew its holdings in VeriSign by 3.9% during the 3rd 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 period. CX Institutional raised its position in shares of VeriSign by 5.1% during the 4th quarter. CX Institutional now owns 1,173 shares of the information services provider’s stock valued at $243,000 after acquiring an additional 57 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of VeriSign by 5.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider’s stock valued at $296,000 after purchasing an additional 74 shares during the period. Finally, Keystone Financial Services boosted its position in shares of VeriSign by 7.6% in the 4th quarter. Keystone Financial Services now owns 1,137 shares of the information services provider’s stock worth $235,000 after purchasing an additional 80 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VeriSign

In related news, SVP John Calys sold 447 shares of VeriSign stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the sale, the senior vice president now owns 23,735 shares of the company’s stock, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Danny R. Mcpherson sold 2,092 shares of the company’s 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 directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

VeriSign Trading Up 1.2 %

VRSN stock opened at $237.88 on Friday. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $239.95. The firm has a market cap of $22.50 billion, a PE ratio of 29.74 and a beta of 0.90. The business’s 50-day moving average price is $216.48 and its two-hundred day moving average price is $196.11.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 earnings per share (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.