Kentucky Retirement Systems Has $1.16 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Kentucky Retirement Systems lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,530 shares of the information services provider’s stock after selling 163 shares during the quarter. Kentucky Retirement Systems’ holdings in VeriSign were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of VRSN. Blue Trust Inc. lifted its position in shares of VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. lifted its position in shares of VeriSign by 117.2% during the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign during the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign during the 2nd quarter worth approximately $39,000. Finally, Versant Capital Management Inc lifted its position in shares of VeriSign by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock worth $58,000 after buying an additional 117 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

VeriSign Trading Down 0.7 %

NASDAQ:VRSN opened at $181.22 on Friday. The stock has a market capitalization of $17.69 billion, a PE ratio of 22.26 and a beta of 0.90. The firm’s 50 day moving average is $180.59 and its 200 day moving average is $180.33. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The business had revenue of $387.10 million for the quarter, compared to analysts’ expectations of $385.80 million. During the same quarter in the previous year, the firm posted $1.79 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $190.00, for a total transaction of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares of the company’s stock, valued at approximately $7,177,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.