VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC raised its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 46.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 272 shares of the information services provider’s stock after buying an additional 86 shares during the period. Capital Advisors Ltd. LLC’s holdings in VeriSign were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VRSN. Crewe Advisors LLC purchased a new stake in VeriSign during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC lifted its stake in VeriSign by 127.2% during the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after buying an additional 103 shares in the last quarter. Concord Wealth Partners lifted its stake in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. Spire Wealth Management lifted its stake in VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after buying an additional 104 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in VeriSign by 138.6% during the third quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock valued at $75,000 after buying an additional 244 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VRSN shares. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Citigroup upped their target price on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and upped their target price for the company from $200.00 to $250.00 in a report on Monday, December 9th.

VeriSign Stock Performance

NASDAQ:VRSN opened at $233.15 on Tuesday. The stock’s 50 day moving average price is $213.09 and its 200 day moving average price is $194.51. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $236.20. The company has a market capitalization of $22.06 billion, a P/E ratio of 29.14 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Insider Buying and Selling

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is currently owned by corporate insiders.

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.