Schroder Investment Management Group raised its holdings in Verisign, Inc. (NASDAQ:VRSN) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 839,617 shares of the information services provider’s stock after purchasing an additional 38,232 shares during the quarter. Schroder Investment Management Group owned about 0.69% of Verisign worth $64,137,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Braun Bostich & Associates Inc. increased its stake in Verisign by 1,283.3% in the second quarter. Braun Bostich & Associates Inc. now owns 913 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 847 shares during the period. Sandy Spring Bank increased its stake in Verisign by 100.0% in the second quarter. Sandy Spring Bank now owns 1,000 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 500 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Verisign in the second quarter valued at $149,000. Rampart Investment Management Company LLC acquired a new position in Verisign in the first quarter valued at $161,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Verisign in the second quarter valued at $200,000. Institutional investors own 93.30% of the company’s stock.

A number of research analysts have commented on VRSN shares. JPMorgan Chase & Co. lifted their price objective on shares of Verisign from $123.00 to $125.00 and gave the company an “average” rating in a research note on Monday, September 24th. BidaskClub upgraded shares of Verisign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 30th. Robert W. Baird reaffirmed a “hold” rating and issued a $160.00 target price on shares of Verisign in a report on Friday, July 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $155.00 target price on shares of Verisign in a report on Friday, July 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $139.00.

Shares of NASDAQ:VRSN traded up $4.86 during midday trading on Friday, hitting $143.98. The stock had a trading volume of 713,249 shares, compared to its average volume of 940,337. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 39.13 and a beta of 0.89. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of -1.29. Verisign, Inc. has a 1 year low of $105.40 and a 1 year high of $164.19.

Verisign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 26th. The information services provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $302.47 million. Verisign had a net margin of 40.38% and a negative return on equity of 37.20%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, research analysts forecast that Verisign, Inc. will post 4.31 EPS for the current year.

About Verisign

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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