Everence Capital Management Inc. Takes $258,000 Position in Verisign, Inc. (VRSN)
Everence Capital Management Inc. acquired a new stake in Verisign, Inc. (NASDAQ:VRSN) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,251 shares of the information services provider’s stock, valued at approximately $258,000.
Several other hedge funds have also added to or reduced their stakes in VRSN. Grove Bank & Trust boosted its holdings in shares of Verisign by 186.5% in the 3rd quarter. Grove Bank & Trust now owns 1,060 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 690 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Verisign by 21.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 255 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in shares of Verisign in the 3rd quarter valued at $200,000. Brightworth purchased a new stake in shares of Verisign in the 3rd quarter valued at $213,000. Finally, Tiemann Investment Advisors LLC purchased a new stake in shares of Verisign in the 3rd quarter valued at $221,000.
VRSN has been the topic of several recent research reports. Zacks Investment Research raised shares of Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Citigroup upped their price objective on shares of Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Cowen reissued a “hold” rating and set a $103.00 price target on shares of Verisign in a report on Sunday, October 29th. Finally, BidaskClub downgraded shares of Verisign from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $106.33.
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VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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