Bamco Inc. NY Purchases 1,208 Shares of Verisign, Inc. (NASDAQ:VRSN)

Bamco Inc. NY grew its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 776,475 shares of the information services provider’s stock after buying an additional 1,208 shares during the period. Bamco Inc. NY’s holdings in Verisign were worth $149,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brinker Capital Inc. increased its holdings in shares of Verisign by 3.6% during the fourth quarter. Brinker Capital Inc. now owns 10,897 shares of the information services provider’s stock valued at $2,100,000 after acquiring an additional 382 shares in the last quarter. AXA boosted its position in shares of Verisign by 72.3% during the fourth quarter. AXA now owns 14,737 shares of the information services provider’s stock valued at $2,840,000 after buying an additional 6,185 shares during the last quarter. Standard Life Aberdeen plc boosted its position in Verisign by 1.0% in the fourth quarter. Standard Life Aberdeen plc now owns 42,353 shares of the information services provider’s stock worth $8,162,000 after purchasing an additional 417 shares during the last quarter. Man Group plc boosted its position in Verisign by 13.4% in the fourth quarter. Man Group plc now owns 735,294 shares of the information services provider’s stock worth $141,677,000 after purchasing an additional 86,654 shares during the last quarter. Finally, Lionsbridge Wealth Management LLC purchased a new position in Verisign in the fourth quarter worth $1,376,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

VRSN stock opened at $166.97 on Thursday. The stock’s fifty day simple moving average is $191.84 and its two-hundred day simple moving average is $193.27. Verisign, Inc. has a 1-year low of $148.77 and a 1-year high of $221.78. The stock has a market cap of $17.60 billion, a P/E ratio of 32.42 and a beta of 0.94.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, February 6th. The information services provider reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). Verisign had a negative return on equity of 41.23% and a net margin of 49.71%. The business had revenue of $319.54 million during the quarter, compared to analysts’ expectations of $310.40 million. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Verisign, Inc. will post 4.94 earnings per share for the current year.

Separately, BidaskClub raised Verisign from a “hold” rating to a “buy” rating in a research report on Saturday, February 29th.

About Verisign

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

Recommended Story: Discount Rate

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisign, Inc. (NASDAQ:VRSN).

Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

Receive News & Ratings for Verisign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisign and related companies with MarketBeat.com's FREE daily email newsletter.