TD Asset Management Inc. decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 10.5% during the second quarter, Holdings Channel reports. The firm owned 198,161 shares of the information services provider’s stock after selling 23,172 shares during the period. TD Asset Management Inc.’s holdings in VeriSign were worth $18,421,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Sei Investments Co. raised its position in shares of VeriSign by 29.1% in the second quarter. Sei Investments Co. now owns 11,206 shares of the information services provider’s stock worth $1,041,000 after buying an additional 2,527 shares during the period. Dock Street Asset Management Inc. raised its position in shares of VeriSign by 6.2% in the second quarter. Dock Street Asset Management Inc. now owns 32,509 shares of the information services provider’s stock worth $3,022,000 after buying an additional 1,886 shares during the period. Boston Financial Mangement LLC raised its position in shares of VeriSign by 9.7% in the second quarter. Boston Financial Mangement LLC now owns 80,442 shares of the information services provider’s stock worth $7,478,000 after buying an additional 7,133 shares during the period. Strs Ohio raised its position in shares of VeriSign by 9.9% in the second quarter. Strs Ohio now owns 411,817 shares of the information services provider’s stock worth $38,282,000 after buying an additional 37,243 shares during the period. Finally, Fairbanks Capital Management Inc. raised its position in shares of VeriSign by 1.9% in the second quarter. Fairbanks Capital Management Inc. now owns 9,220 shares of the information services provider’s stock worth $857,000 after buying an additional 172 shares during the period.

VeriSign, Inc. (NASDAQ VRSN) opened at 97.95 on Friday. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $103.79. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 26.70 and a beta of 1.20. The stock’s 50 day moving average is $97.47 and its 200-day moving average is $89.78.

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

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A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of VeriSign from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. 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 reaffirmed a “market perform” rating and set a $94.00 target price on shares of VeriSign in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.75.

In related news, Director Timothy Tomlinson sold 1,240 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total value of $125,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through 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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