United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in VeriSign, Inc. (NASDAQ:VRSN)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in VeriSign, Inc. (NASDAQ:VRSN) during the 4th quarter, HoldingsChannel reports. The fund bought 2,900 shares of the information services provider’s stock, valued at approximately $600,000.

A number of other institutional investors have also recently made changes to their positions in VRSN. Crewe Advisors LLC bought a new position in VeriSign in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in shares of VeriSign in the fourth quarter worth $26,000. Venturi Wealth Management LLC lifted its holdings in shares of VeriSign by 127.2% during 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 bought a new position in VeriSign during the 4th quarter valued at about $49,000. Finally, Spire Wealth Management lifted its position in VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Trading Up 0.2 %

NASDAQ VRSN opened at $245.81 on Wednesday. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $247.47. The stock has a market cap of $23.25 billion, a price-to-earnings ratio of 30.73 and a beta of 0.87. The company’s 50 day moving average is $227.92 and its two-hundred day moving average is $203.24.

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, hitting analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Insider Transactions at VeriSign

In related news, SVP John Calys sold 447 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $200.00 to $250.00 in a report on Monday, December 9th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, Citigroup boosted their target price 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.

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.