VeriSign, Inc. $VRSN Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC decreased its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 92.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 673 shares of the information services provider’s stock after selling 7,993 shares during the quarter. New Age Alpha Advisors LLC’s holdings in VeriSign were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in VeriSign by 25.3% during the first quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider’s stock worth $50,000 after purchasing an additional 40 shares in the last quarter. Tranquilli Financial Advisor LLC raised its holdings in VeriSign by 5.1% during the fourth quarter. Tranquilli Financial Advisor LLC now owns 872 shares of the information services provider’s stock worth $212,000 after purchasing an additional 42 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in VeriSign by 0.8% during the third quarter. Accretive Wealth Partners LLC now owns 5,779 shares of the information services provider’s stock worth $1,616,000 after purchasing an additional 44 shares in the last quarter. One Wealth Advisors LLC raised its holdings in VeriSign by 3.8% during the fourth quarter. One Wealth Advisors LLC now owns 1,215 shares of the information services provider’s stock worth $295,000 after purchasing an additional 44 shares in the last quarter. Finally, WealthCollab LLC raised its holdings in VeriSign by 19.1% during the third quarter. WealthCollab LLC now owns 312 shares of the information services provider’s stock worth $87,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

NASDAQ VRSN opened at $285.38 on Friday. The stock has a market capitalization of $25.97 billion, a P/E ratio of 31.53 and a beta of 0.68. VeriSign, Inc. has a 1 year low of $208.86 and a 1 year high of $312.48. The business’s fifty day moving average is $274.64 and its two-hundred day moving average is $252.89.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, April 23rd. The information services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.04. The company had revenue of $428.90 million for the quarter, compared to analysts’ expectations of $424.50 million. VeriSign had a negative return on equity of 39.98% and a net margin of 49.95%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. On average, research analysts forecast that VeriSign, Inc. will post 9.46 earnings per share for the current year.

VeriSign Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Tuesday, May 19th were issued a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.24 annualized dividend and a dividend yield of 1.1%. VeriSign’s dividend payout ratio is currently 35.80%.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Danny R. Mcpherson sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $271.02, for a total value of $1,355,100.00. Following the transaction, the executive vice president owned 35,195 shares of the company’s stock, valued at approximately $9,538,548.90. This represents a 12.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 498 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $231.78, for a total value of $115,426.44. Following the completion of the transaction, the executive vice president directly owned 40,028 shares in the company, valued at $9,277,689.84. This represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,826 shares of company stock worth $1,821,354 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRSN has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on VeriSign from $305.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings raised VeriSign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 27th. JPMorgan Chase & Co. boosted their target price on VeriSign from $273.00 to $278.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Citigroup boosted their target price on VeriSign from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Zacks Research raised VeriSign from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.67.

VeriSign Profile

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.