Teacher Retirement System of Texas Has $5.61 Million Stake in VeriSign, Inc. (VRSN)
Teacher Retirement System of Texas increased its position in VeriSign, Inc. (NASDAQ:VRSN) by 10.5% during the second quarter, Holdings Channel reports. The institutional investor owned 60,332 shares of the information services provider’s stock after buying an additional 5,719 shares during the period. Teacher Retirement System of Texas’ holdings in VeriSign were worth $5,608,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of VeriSign by 2.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,086 shares of the information services provider’s stock worth $194,000 after buying an additional 42 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of 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 in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of VeriSign by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 10,268 shares of the information services provider’s stock worth $954,000 after buying an additional 56 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of VeriSign by 5.1% in the first quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock worth $148,000 after buying an additional 82 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in shares of VeriSign by 1.4% in the second quarter. Atria Investments LLC now owns 6,976 shares of the information services provider’s stock worth $648,000 after buying an additional 96 shares in the last quarter.
VeriSign, Inc. (VRSN) opened at 98.57 on Wednesday. VeriSign, Inc. has a 52-week low of $74.01 and a 52-week high of $103.79. The firm has a market cap of $9.85 billion, a PE ratio of 26.87 and a beta of 1.20. The company’s 50 day moving average price is $97.75 and its 200 day moving average price is $90.16.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The business had revenue of $289 million during the quarter, compared to analysts’ expectations of $287.47 million. During the same quarter last year, the company posted $0.91 earnings per share. VeriSign’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.
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Several equities analysts recently weighed in on the company. Cowen and Company reissued a “market perform” rating and set a $94.00 price objective on shares of VeriSign in a research report on Monday, July 3rd. BidaskClub cut VeriSign from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 2nd. One 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.75.
In related news, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction dated Tuesday, August 1st. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. 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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