Hsbc Holdings PLC Has $55.06 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Hsbc Holdings PLC decreased its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,962 shares of the information services provider’s stock after selling 92,344 shares during the quarter. Hsbc Holdings PLC’s holdings in VeriSign were worth $55,063,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its stake in shares of VeriSign by 7.8% in the 4th quarter. Gilbert & Cook Inc. now owns 2,311 shares of the information services provider’s stock valued at $476,000 after purchasing an additional 168 shares during the period. Private Advisor Group LLC bought a new position in shares of VeriSign in the 4th quarter valued at about $248,000. Dimensional Fund Advisors LP grew its holdings in shares of VeriSign by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 388,400 shares of the information services provider’s stock valued at $79,996,000 after acquiring an additional 2,521 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of VeriSign in the 4th quarter valued at about $264,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of VeriSign in the 4th quarter valued at about $462,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Down 0.7 %

VRSN stock opened at $181.22 on Friday. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 22.26 and a beta of 0.90. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The company’s fifty day simple moving average is $180.59 and its 200 day simple moving average is $180.41.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.08. The business had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. VeriSign’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 earnings per share.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $200.00 target price on shares of VeriSign in a research note on Thursday, June 27th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th.

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of the sale, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at $7,177,060. The transaction was disclosed in a legal filing with the SEC, which is available at 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.