US Bancorp DE Has $967,000 Position in VeriSign, Inc. (NASDAQ:VRSN)

US Bancorp DE lessened its position in VeriSign, Inc. (NASDAQ:VRSN) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,674 shares of the information services provider’s stock after selling 275 shares during the quarter. US Bancorp DE’s holdings in VeriSign were worth $967,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of VRSN. Crewe Advisors LLC acquired a new stake in VeriSign in the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new position in VeriSign during the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its stake in VeriSign by 127.2% in the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 103 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of VeriSign during the 4th quarter worth approximately $49,000. Finally, Spire Wealth Management increased its stake in shares of VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Activity at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 23,735 shares in the company, valued at approximately $5,500,586.25. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Up 0.2 %

VeriSign stock opened at $240.47 on Monday. The business’s 50-day moving average price is $220.26 and its two-hundred day moving average price is $198.36. The stock has a market cap of $22.75 billion, a PE ratio of 30.06 and a beta of 0.87. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $242.23.

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

Analyst Ratings Changes

VRSN has been the topic of a number of research analyst reports. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. Citigroup boosted their price target on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

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.