Keystone Financial Services Buys 80 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Keystone Financial Services lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 7.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,137 shares of the information services provider’s stock after purchasing an additional 80 shares during the period. Keystone Financial Services’ holdings in VeriSign were worth $235,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in shares of VeriSign by 3,272.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the information services provider’s stock worth $352,000 after acquiring an additional 1,800 shares in the last quarter. Creative Planning increased its holdings in VeriSign by 40.0% during the 3rd quarter. Creative Planning now owns 16,984 shares of the information services provider’s stock worth $3,226,000 after acquiring an additional 4,850 shares during the period. Claro Advisors LLC bought a new position in shares of VeriSign in the third quarter worth $324,000. Blue Trust Inc. raised its position in shares of VeriSign by 138.6% in the third quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock worth $75,000 after buying an additional 244 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in VeriSign by 0.9% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 14,460 shares of the information services provider’s stock valued at $2,747,000 after buying an additional 126 shares during the period. 92.90% of the stock is owned by institutional investors.

VeriSign Trading Down 0.0 %

VRSN opened at $229.24 on Monday. The stock has a market capitalization of $22.03 billion, a P/E ratio of 28.66 and a beta of 0.90. The stock has a 50-day moving average price of $209.13 and a 200-day moving average price of $192.31. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $230.30.

VeriSign (NASDAQ:VRSN) last released its earnings results 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 44.06% and a net margin of 50.47%.

Analyst Ratings Changes

Several analysts have weighed in on VRSN shares. StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Robert W. Baird raised 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 note on Monday, December 9th. Finally, Citigroup increased their price target on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. The trade was a 7.41 % 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. 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.