EverSource Wealth Advisors LLC Acquires 249 Shares of VeriSign, Inc. (NASDAQ:VRSN)

EverSource Wealth Advisors LLC grew its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 190.1% during the 4th quarter, HoldingsChannel reports. The firm owned 380 shares of the information services provider’s stock after purchasing an additional 249 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in VeriSign were worth $79,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of VeriSign in the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new stake in VeriSign during the 4th quarter worth $26,000. Venturi Wealth Management LLC grew its position in VeriSign by 127.2% during the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock worth $38,000 after acquiring an additional 103 shares during the last quarter. BankPlus Trust Department bought a new stake in VeriSign during the 4th quarter worth $49,000. Finally, Spire Wealth Management grew its position in VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $200.00 to $250.00 in a research report on Monday, December 9th.

VeriSign Trading Up 0.5 %

NASDAQ VRSN opened at $239.82 on Wednesday. The business’s 50-day moving average price is $224.49 and its two-hundred day moving average price is $201.12. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $242.23. The firm has a market capitalization of $22.69 billion, a PE ratio of 29.98 and a beta of 0.87.

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

Insider Activity

In other news, SVP John Calys sold 447 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the transaction, the senior vice president now directly owns 23,735 shares of the company’s stock, valued at $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by company insiders.

About VeriSign

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.