Mutual of America Capital Management LLC Sells 436 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mutual of America Capital Management LLC reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,900 shares of the information services provider’s stock after selling 436 shares during the quarter. Mutual of America Capital Management LLC’s holdings in VeriSign were worth $2,049,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Private Advisor Group LLC purchased a new position in VeriSign in the third quarter worth $227,000. Farther Finance Advisors LLC grew its position in VeriSign by 68.1% during the third quarter. Farther Finance Advisors LLC now owns 854 shares of the information services provider’s stock valued at $162,000 after buying an additional 346 shares during the period. Van ECK Associates Corp increased its holdings in VeriSign by 1.4% during the third quarter. Van ECK Associates Corp now owns 23,150 shares of the information services provider’s stock worth $4,300,000 after buying an additional 327 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in VeriSign in the third quarter worth about $157,000. Finally, Assetmark Inc. boosted its stake in VeriSign by 12.9% in the third quarter. Assetmark Inc. now owns 1,322 shares of the information services provider’s stock valued at $251,000 after acquiring an additional 151 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Trading Up 0.2 %

VRSN stock opened at $240.47 on Friday. The firm has a 50 day moving average of $220.26 and a 200-day moving average of $198.10. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $242.23. The firm has a market capitalization of $22.75 billion, a P/E ratio of 30.06 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $200.00 to $250.00 in a report on Monday, December 9th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th.

Insiders Place Their Bets

In other news, SVP John Calys sold 447 shares of VeriSign stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the sale, the senior vice president now directly owns 23,735 shares of the company’s stock, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

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.