Public Employees Retirement System of Ohio Lowers Holdings in Verisign, Inc. (NASDAQ:VRSN)

Public Employees Retirement System of Ohio lowered its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,196 shares of the information services provider’s stock after selling 342 shares during the period. Public Employees Retirement System of Ohio’s holdings in Verisign were worth $7,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Liberty Wealth Management LLC bought a new position in shares of Verisign during the second quarter valued at approximately $25,000. Capital Investment Advisory Services LLC purchased a new position in Verisign during the 2nd quarter valued at $29,000. AGF Investments LLC boosted its holdings in Verisign by 102.9% during the 2nd quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 70 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Verisign by 208.2% during the 1st quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 102 shares during the period. Finally, Advisory Services Network LLC grew its position in Verisign by 98.9% in the 2nd quarter. Advisory Services Network LLC now owns 181 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.49% of the company’s stock.

Shares of NASDAQ:VRSN traded down $3.52 during trading on Wednesday, reaching $193.19. 35,661 shares of the company were exchanged, compared to its average volume of 445,913. The business’s fifty day simple moving average is $207.07 and its 200-day simple moving average is $198.33. Verisign, Inc. has a 12-month low of $131.28 and a 12-month high of $221.78. The firm has a market capitalization of $23.28 billion, a PE ratio of 40.75 and a beta of 1.08.

Verisign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. Verisign had a negative return on equity of 43.63% and a net margin of 51.38%. The firm had revenue of $306.29 million during the quarter, compared to analyst estimates of $306.57 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. Verisign’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts expect that Verisign, Inc. will post 4.98 EPS for the current fiscal year.

In related news, Director Timothy Tomlinson sold 575 shares of Verisign stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $213.50, for a total value of $122,762.50. Following the completion of the sale, the director now directly owns 34,251 shares in the company, valued at $7,312,588.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Several research firms have recently weighed in on VRSN. ValuEngine downgraded Verisign from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird upped their price target on shares of Verisign from $210.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $204.75.

Verisign 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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