Jones Financial Companies Lllp Has $313,000 Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Jones Financial Companies Lllp raised its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,512 shares of the information services provider’s stock after purchasing an additional 149 shares during the quarter. Jones Financial Companies Lllp’s holdings in VeriSign were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VRSN. Nordea Investment Management AB lifted its stake in VeriSign by 544.1% in the 4th quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock valued at $81,003,000 after purchasing an additional 330,561 shares during the last quarter. Birch Capital Management LLC lifted its stake in shares of VeriSign by 3,996.0% in the 4th quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock valued at $848,000 after acquiring an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of VeriSign by 322.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock valued at $53,639,000 after acquiring an additional 199,583 shares in the last quarter. Truist Financial Corp grew its position in VeriSign by 12.2% during the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock worth $4,235,000 after acquiring an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in VeriSign by 602.6% in the 3rd quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider’s stock worth $2,225,000 after purchasing an additional 10,045 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Trading Down 0.4 %

NASDAQ VRSN opened at $235.60 on Thursday. The company has a fifty day simple moving average of $222.10 and a 200 day simple moving average of $199.44. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $242.23. The company has a market cap of $22.29 billion, a P/E ratio of 29.45 and a beta of 0.87.

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

Wall Street Analyst Weigh In

VRSN has been the subject of several recent research reports. Citigroup upped their price target on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the company from $200.00 to $250.00 in a research note on Monday, December 9th.

Insider Transactions at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the transaction, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.