Public Employees Retirement Association of Colorado decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 1.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 17,955 shares of the information services provider’s stock after selling 249 shares during the period. Public Employees Retirement Association of Colorado’s holdings in VeriSign were worth $1,669,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VRSN. Tower Research Capital LLC TRC boosted its stake in VeriSign by 24.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock worth $105,000 after buying an additional 237 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in VeriSign by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,341 shares of the information services provider’s stock worth $117,000 after buying an additional 632 shares during the last quarter. Global X Management Co. LLC boosted its stake in VeriSign by 52.6% in the first quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock worth $125,000 after buying an additional 496 shares during the last quarter. Pacer Advisors Inc. boosted its stake in VeriSign by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after buying an additional 55 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in VeriSign by 109.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock worth $146,000 after buying an additional 876 shares during the last quarter.

Shares of VeriSign, Inc. (NASDAQ:VRSN) opened at 97.95 on Friday. The company has a market cap of $9.79 billion, a PE ratio of 26.70 and a beta of 1.20. The firm’s 50 day moving average is $97.47 and its 200-day moving average is $89.78. VeriSign, Inc. has a 1-year low of $74.01 and a 1-year high of $103.79.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The firm had revenue of $289 million for the quarter, compared to analysts’ expectations of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. Equities analysts expect that VeriSign, Inc. will post $3.97 earnings per share for the current year.

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A number of research firms have weighed in on VRSN. BidaskClub cut shares of VeriSign from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $94.00 target price on shares of VeriSign in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. VeriSign has an average rating of “Hold” and an average target price of $87.75.

In other news, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

VeriSign Company Profile

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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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