Catalyst Capital Advisors LLC bought a new position in shares of Verisign, Inc. (NASDAQ:VRSN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,500 shares of the information services provider’s stock, valued at approximately $817,000.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp grew its holdings in Verisign by 31.9% in the fourth quarter. Stifel Financial Corp now owns 81,624 shares of the information services provider’s stock valued at $12,107,000 after purchasing an additional 19,737 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Verisign by 16.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 19,398 shares of the information services provider’s stock valued at $2,876,000 after purchasing an additional 2,685 shares during the period. BlackRock Inc. grew its holdings in Verisign by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,848,684 shares of the information services provider’s stock valued at $1,312,172,000 after purchasing an additional 215,361 shares during the period. Great West Life Assurance Co. Can grew its holdings in Verisign by 1.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 80,755 shares of the information services provider’s stock valued at $11,435,000 after purchasing an additional 1,543 shares during the period. Finally, Signet Investment Advisory Group Inc. acquired a new stake in Verisign in the fourth quarter valued at approximately $44,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

VRSN has been the topic of several research analyst reports. ValuEngine raised Verisign from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a report on Saturday, February 9th. BidaskClub raised Verisign from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Finally, Citigroup reissued a “neutral” rating and issued a $195.00 price objective (up from $175.00) on shares of Verisign in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $180.80.

In other news, Director Timothy Tomlinson sold 378 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $199.55, for a total value of $75,429.90. Following the transaction, the director now owns 34,094 shares in the company, valued at $6,803,457.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

NASDAQ VRSN opened at $194.73 on Friday. The company has a market capitalization of $23.21 billion, a PE ratio of 41.00 and a beta of 1.08. Verisign, Inc. has a 1-year low of $127.18 and a 1-year high of $203.28.

Verisign (NASDAQ:VRSN) last released its earnings results on Thursday, April 25th. The information services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. The business had revenue of $306.41 million for the quarter, compared to the consensus estimate of $302.63 million. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. As a group, sell-side analysts expect that Verisign, Inc. will post 4.96 EPS for the current year.

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Verisign Company Profile

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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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