V Square Quantitative Management LLC Has $208,000 Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

V Square Quantitative Management LLC grew its position in VeriSign, Inc. (NASDAQ:VRSN) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,172 shares of the information services provider’s stock after buying an additional 74 shares during the period. V Square Quantitative Management LLC’s holdings in VeriSign were worth $208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of VeriSign by 62.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,816 shares of the information services provider’s stock valued at $501,000 after buying an additional 1,084 shares during the period. Asset Management Advisors LLC acquired a new position in VeriSign in the 2nd quarter worth $5,071,000. Crestmont Private Wealth LLC boosted its stake in VeriSign by 47.6% in the 2nd quarter. Crestmont Private Wealth LLC now owns 2,472 shares of the information services provider’s stock worth $440,000 after purchasing an additional 797 shares during the period. Czech National Bank boosted its stake in VeriSign by 6.5% in the 2nd quarter. Czech National Bank now owns 16,513 shares of the information services provider’s stock worth $2,936,000 after purchasing an additional 1,008 shares during the period. Finally, Thrive Wealth Management LLC boosted its stake in VeriSign by 119.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 3,192 shares of the information services provider’s stock worth $568,000 after purchasing an additional 1,740 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VRSN shares. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $200.00 target price on shares of VeriSign in a research note on Thursday, June 27th.

VeriSign Price Performance

NASDAQ:VRSN traded up $0.42 on Wednesday, hitting $175.16. 405,031 shares of the company’s stock were exchanged, compared to its average volume of 680,503. The firm has a 50-day moving average price of $178.81 and a 200-day moving average price of $183.17. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The company has a market cap of $17.10 billion, a P/E ratio of 21.47 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The firm had revenue of $387.10 million for the quarter, compared to analysts’ expectations of $385.80 million. During the same period in the previous year, the firm posted $1.79 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis.

Insiders Place Their Bets

In other news, EVP Danny R. Mcpherson sold 1,200 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $170.14, for a total value of $204,168.00. Following the sale, the executive vice president now directly owns 29,181 shares of the company’s stock, valued at approximately $4,964,855.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the sale, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at approximately $7,177,060. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Danny R. Mcpherson sold 1,200 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $170.14, for a total transaction of $204,168.00. Following the completion of the sale, the executive vice president now directly owns 29,181 shares in the company, valued at $4,964,855.34. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.