VeriSign, Inc. (NASDAQ:VRSN)‘s stock had its “hold” rating reaffirmed by investment analysts at Robert W. Baird in a research note issued to investors on Thursday. They presently have a $105.00 price target on the information services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 1.20% from the stock’s previous close.

Several other analysts have also issued reports on VRSN. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Cowen and Company restated a “market perform” rating and set a $94.00 target price on shares of VeriSign in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.75.

VeriSign (VRSN) traded up 0.18% on Thursday, hitting $103.94. 297,437 shares of the stock were exchanged. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 28.33 and a beta of 1.20. The company has a 50-day moving average of $99.81 and a 200-day moving average of $91.66. VeriSign has a 12 month low of $74.46 and a 12 month high of $104.25.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $289 million during the quarter, compared to analyst estimates of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. On average, equities analysts predict that VeriSign will post $3.97 EPS for the current year.

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In other VeriSign news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the transaction, the director now owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

A number of institutional investors have recently modified their holdings of VRSN. Tower Research Capital LLC TRC increased its position in shares of 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 valued at $105,000 after buying an additional 237 shares in the last quarter. TrimTabs Asset Management LLC increased its position in shares of VeriSign by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,341 shares of the information services provider’s stock valued at $117,000 after buying an additional 632 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of VeriSign by 21.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after buying an additional 255 shares in the last quarter. Global X Management Co. LLC increased its position in shares of 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 valued at $125,000 after buying an additional 496 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of VeriSign by 128.6% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock valued at $149,000 after buying an additional 900 shares in the last quarter.

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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