Cornercap Investment Counsel Inc. Sells 326 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Cornercap Investment Counsel Inc. decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,919 shares of the information services provider’s stock after selling 326 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in VeriSign were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of VeriSign by 186.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,620 shares of the information services provider’s stock valued at $688,000 after purchasing an additional 2,355 shares during the last quarter. Cerity Partners LLC boosted its position in VeriSign by 198.3% during the third quarter. Cerity Partners LLC now owns 27,240 shares of the information services provider’s stock valued at $5,174,000 after buying an additional 18,108 shares during the period. Algert Global LLC grew its stake in shares of VeriSign by 18.5% during the third quarter. Algert Global LLC now owns 3,655 shares of the information services provider’s stock valued at $694,000 after buying an additional 570 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of VeriSign by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 12,229 shares of the information services provider’s stock worth $2,323,000 after buying an additional 942 shares during the period. Finally, Townsquare Capital LLC lifted its stake in shares of VeriSign by 17.0% in the 3rd quarter. Townsquare Capital LLC now owns 5,799 shares of the information services provider’s stock valued at $1,102,000 after acquiring an additional 844 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Stock Down 1.5 %

Shares of VeriSign stock opened at $250.92 on Friday. The company has a market cap of $23.74 billion, a PE ratio of 31.37 and a beta of 0.87. The business has a 50 day moving average of $230.38 and a 200 day moving average of $204.39. VeriSign, Inc. has a 52 week low of $167.05 and a 52 week high of $256.35.

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

Analyst Ratings Changes

VRSN has been the topic of several recent research reports. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Citigroup upped their price target on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $200.00 to $250.00 in a report on Monday, December 9th.

Insider Activity at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the company’s 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 owns 23,735 shares in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by corporate insiders.

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.