Atlas Capital Advisors LLC purchased a new stake in Verisign, Inc. (NASDAQ:VRSN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 282 shares of the information services provider’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRSN. Liberty Wealth Management LLC purchased a new position in shares of Verisign in the second quarter valued at $25,000. HM Payson & Co. purchased a new position in shares of Verisign in the second quarter valued at $25,000. AGF Investments LLC grew its position in shares of Verisign by 102.9% in the second quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Verisign in the second quarter valued at $29,000. Finally, Advisory Services Network LLC grew its position in shares of Verisign by 98.9% in the second quarter. Advisory Services Network LLC now owns 181 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

NASDAQ:VRSN opened at $183.79 on Friday. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 38.69 and a beta of 1.04. Verisign, Inc. has a 52-week low of $138.77 and a 52-week high of $221.78. The stock has a fifty day moving average of $186.78 and a 200 day moving average of $199.57.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.05. The company had revenue of $308.42 million during the quarter, compared to analyst estimates of $308.34 million. Verisign had a negative return on equity of 44.38% and a net margin of 52.60%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. On average, equities analysts predict that Verisign, Inc. will post 5.12 earnings per share for the current year.

In related news, Director Timothy Tomlinson sold 295 shares of Verisign stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $190.57, for a total transaction of $56,218.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on VRSN shares. BidaskClub lowered Verisign from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lifted their price objective on Verisign from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. ValuEngine lowered Verisign from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $201.00 price objective for the company in a research note on Sunday, November 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Verisign has a consensus rating of “Hold” and an average price target of $212.00.

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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