Nomura Holdings Inc. Invests $371,000 in VeriSign, Inc. (NASDAQ:VRSN)

Nomura Holdings Inc. purchased a new stake in VeriSign, Inc. (NASDAQ:VRSN) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,802 shares of the information services provider’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VRSN. Quadrature Capital Ltd bought a new position in shares of VeriSign during the fourth quarter worth $1,331,000. Sivia Capital Partners LLC bought a new position in VeriSign during the fourth quarter worth about $210,000. Neo Ivy Capital Management acquired a new position in VeriSign in the fourth quarter valued at about $77,000. V Square Quantitative Management LLC increased its holdings in shares of VeriSign by 7.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,098 shares of the information services provider’s stock worth $226,000 after acquiring an additional 74 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of VeriSign during the fourth quarter worth about $76,000. Institutional investors own 92.90% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSN has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Finally, Citigroup cut their price objective on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd.

VeriSign Stock Up 0.4 %

NASDAQ:VRSN opened at $181.69 on Friday. The company has a market cap of $18.10 billion, a P/E ratio of 22.32 and a beta of 0.91. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $226.80. The business has a 50 day moving average price of $175.94 and a two-hundred day moving average price of $190.43.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.86 by $0.06. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. The business had revenue of $384.30 million during the quarter, compared to analysts’ expectations of $381.85 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis.

Insider Transactions at VeriSign

In related news, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $190.00, for a total value of $116,660.00. Following the sale, the executive vice president now owns 41,955 shares of the company’s stock, valued at $7,971,450. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other VeriSign news, EVP Danny R. Mcpherson sold 1,200 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $170.14, for a total value of $204,168.00. Following the completion of the sale, the executive vice president now owns 29,181 shares in the company, valued at $4,964,855.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 614 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the completion of the sale, the executive vice president now owns 41,955 shares of the company’s stock, valued at approximately $7,971,450. The disclosure for this sale can be found here. Insiders sold a total of 3,295 shares of company stock worth $584,887 in the last three months. Insiders own 0.84% of the company’s stock.

VeriSign Company 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.