Nissay Asset Management Corp Japan ADV decreased its position in Verisign, Inc. (NASDAQ:VRSN) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,103 shares of the information services provider’s stock after selling 3,291 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Verisign were worth $3,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank raised its stake in shares of Verisign by 100.0% in the 2nd quarter. Sandy Spring Bank now owns 1,000 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 500 shares during the period. Silvant Capital Management LLC acquired a new stake in shares of Verisign in the 1st quarter valued at about $126,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Verisign in the 2nd quarter valued at about $149,000. Rampart Investment Management Company LLC acquired a new stake in shares of Verisign in the 1st quarter valued at about $161,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Verisign in the 2nd quarter valued at about $206,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:VRSN opened at $150.75 on Monday. The company has a debt-to-equity ratio of -1.29, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $18.64 billion, a P/E ratio of 40.96 and a beta of 0.86. Verisign, Inc. has a 52-week low of $97.38 and a 52-week high of $159.11.

Verisign (NASDAQ:VRSN) last released its earnings results on Thursday, July 26th. The information services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $302.47 million. Verisign had a negative return on equity of 37.20% and a net margin of 40.38%. Verisign’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. analysts anticipate that Verisign, Inc. will post 4.3 earnings per share for the current year.

Several analysts have issued reports on VRSN shares. JPMorgan Chase & Co. lifted their price target on Verisign from $122.00 to $123.00 and gave the company an “underweight” rating in a research note on Friday, July 27th. Robert W. Baird reissued a “hold” rating and issued a $160.00 price target on shares of Verisign in a research note on Friday, July 27th. BidaskClub raised Verisign from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded Verisign from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, Citigroup lifted their price target on Verisign from $111.00 to $123.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Verisign currently has an average rating of “Hold” and an average price target of $138.60.

Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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