Farther Finance Advisors LLC Has $197,000 Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Farther Finance Advisors LLC increased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 953 shares of the information services provider’s stock after buying an additional 99 shares during the period. Farther Finance Advisors LLC’s holdings in VeriSign were worth $197,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Amundi boosted its position in VeriSign by 17.8% during the 4th quarter. Amundi now owns 702,055 shares of the information services provider’s stock worth $148,604,000 after buying an additional 106,094 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of VeriSign by 7.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider’s stock worth $131,712,000 after purchasing an additional 47,412 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of VeriSign in the 4th quarter worth approximately $141,129,000. BNP Paribas Financial Markets lifted its position in shares of VeriSign by 26.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock worth $110,293,000 after purchasing an additional 120,958 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of VeriSign by 8.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 570,016 shares of the information services provider’s stock worth $117,971,000 after purchasing an additional 42,465 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VRSN shares. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Citigroup boosted their price target on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $200.00 to $250.00 in a research report on Monday, December 9th.

VeriSign Stock Up 1.0 %

NASDAQ:VRSN opened at $242.21 on Thursday. The company has a fifty day moving average of $225.10 and a 200-day moving average of $201.41. The firm has a market capitalization of $22.91 billion, a P/E ratio of 30.28 and a beta of 0.87. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $242.52.

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

Insider Activity

In other VeriSign news, SVP John Calys sold 447 shares of the business’s 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 owns 23,735 shares in the company, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

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.