Sivia Capital Partners LLC Makes New $210,000 Investment in VeriSign, Inc. (NASDAQ:VRSN)

Sivia Capital Partners LLC bought a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,022 shares of the information services provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC lifted its holdings in VeriSign by 52.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after acquiring an additional 52 shares during the period. Baldwin Brothers LLC MA grew its position in VeriSign by 158.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock valued at $37,000 after buying an additional 111 shares during the period. Quarry LP purchased a new stake in VeriSign during the fourth quarter worth about $76,000. Neo Ivy Capital Management bought a new stake in VeriSign in the fourth quarter worth about $77,000. Finally, CX Institutional bought a new stake in VeriSign in the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 1.1 %

Shares of NASDAQ VRSN opened at $178.29 on Tuesday. The business has a 50-day simple moving average of $176.62 and a two-hundred day simple moving average of $191.31. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $226.80. The company has a market cap of $17.76 billion, a P/E ratio of 21.90 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.06. The company had revenue of $384.30 million during the quarter, compared to analyst estimates of $381.85 million. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. VeriSign’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 614 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total value of $116,660.00. Following the transaction, the executive vice president now owns 42,569 shares of the company’s stock, valued at $8,088,110. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Yehuda Ari Buchalter sold 866 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $170.01, for a total value of $147,228.66. Following the transaction, the director now owns 3,661 shares of the company’s stock, valued at $622,406.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 614 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the transaction, the executive vice president now owns 42,569 shares in the company, valued at $8,088,110. The disclosure for this sale can be found here. Insiders sold a total of 3,295 shares of company stock valued at $584,887 in the last three months. Company insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on VRSN shares. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird cut their price objective on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Citigroup lowered their target price on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd.

VeriSign Profile

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.