Oppenheimer & Co. Inc. Buys New Holdings in Verisign, Inc. (VRSN)

Oppenheimer & Co. Inc. bought a new position in shares of Verisign, Inc. (NASDAQ:VRSN) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,826 shares of the information services provider’s stock, valued at approximately $332,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc grew its position in Verisign by 4.5% in the third quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock worth $1,820,286,000 after buying an additional 485,685 shares during the last quarter. BlackRock Inc. grew its position in Verisign by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,848,684 shares of the information services provider’s stock worth $1,312,172,000 after buying an additional 215,361 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Verisign by 41,120.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,763,452 shares of the information services provider’s stock worth $25,000 after buying an additional 3,754,322 shares during the last quarter. Investec Asset Management LTD grew its position in Verisign by 1.6% in the first quarter. Investec Asset Management LTD now owns 2,631,523 shares of the information services provider’s stock worth $477,779,000 after buying an additional 40,572 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Verisign by 7.6% in the fourth quarter. First Trust Advisors LP now owns 1,961,762 shares of the information services provider’s stock worth $290,910,000 after buying an additional 138,858 shares during the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Verisign stock opened at $193.73 on Friday. The stock has a market cap of $23.47 billion, a price-to-earnings ratio of 40.79 and a beta of 1.08. Verisign, Inc. has a 1-year low of $123.46 and a 1-year high of $203.28.

Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.06. The firm had revenue of $306.41 million for the quarter, compared to analysts’ expectations of $302.63 million. Verisign had a net margin of 49.98% and a negative return on equity of 43.07%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, sell-side analysts predict that Verisign, Inc. will post 4.96 EPS for the current fiscal year.

VRSN has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Verisign from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Saturday, February 9th. BidaskClub upgraded shares of Verisign from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Citigroup reiterated a “neutral” rating and set a $195.00 price objective (up from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. Finally, ValuEngine raised shares of Verisign from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Verisign currently has an average rating of “Buy” and a consensus price target of $180.80.

In other Verisign news, Director Timothy Tomlinson sold 378 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $199.55, for a total transaction of $75,429.90. Following the sale, the director now directly owns 34,094 shares of the company’s stock, valued at $6,803,457.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

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Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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