<div id="readability-page-1"><p>Texas Permanent School Fund Corp trimmed its stake in  VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 48.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 5,663 shares of the information services provider's stock after selling 5,284 shares during the quarter. Texas Permanent School Fund Corp's holdings in VeriSign were worth $1,635,000 at the end of the most recent quarter.</p><ul><li>Buffett Trims Apple, Bets Big on Alphabet Ahead of Retirement</li></ul><p>Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canal Capital Management LLC bought a new stake in  VeriSign during the 2nd quarter valued at about $225,000.  Osaic Holdings Inc. lifted its stake in shares of  VeriSign by 125.0% in the second quarter. Osaic Holdings Inc. now owns 5,967 shares of the information services provider's stock worth $1,723,000 after buying an additional 3,315 shares in the last quarter.  Centaurus Financial Inc. purchased a new stake in shares of  VeriSign during the second quarter valued at approximately $103,000.  Orion Porfolio Solutions LLC increased its position in shares of  VeriSign by 12.3% during the second quarter. Orion Porfolio Solutions LLC now owns 10,332 shares of the information services provider's stock valued at $2,984,000 after acquiring an additional 1,130 shares in the last quarter.  Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of  VeriSign during the second quarter valued at approximately $205,000. 92.90% of the stock is currently owned by institutional investors. </p><h2>Insider Buying and Selling</h2><p>In other news, CEO D James Bidzos sold 5,000 shares of VeriSign stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $265.57, for a total transaction of $1,327,850.00. Following the transaction, the chief executive officer owned 471,439 shares in the company, valued at $125,200,055.23. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Danny R. Mcpherson sold 2,500 shares of the company's stock in a transaction on Friday, October 31st. The stock was sold at an average price of $236.87, for a total value of $592,175.00. Following the completion of the sale, the executive vice president owned 28,577 shares of the company's stock, valued at $6,769,033.99. This trade represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 47,839 shares of company stock worth $12,042,404. 0.84% of the stock is currently owned by insiders. </p><h2>VeriSign Price Performance</h2><ul><li>Why These 3 Market-Beaters Are Backing Up Their Buyback Trucks</li></ul><p>VRSN stock opened at $246.16 on Tuesday. VeriSign, Inc. has a 1 year low of $197.71 and a 1 year high of $310.60. The company has a market cap of $22.82 billion, a P/E ratio of 28.69 and a beta of 0.78. The stock's fifty day moving average price is $248.81 and its 200-day moving average price is $268.28. </p><p>VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The information services provider reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.02. The company had revenue of $419.10 million during the quarter, compared to analysts' expectations of $416.71 million. VeriSign had a negative return on equity of 40.66% and a net margin of 49.86%.VeriSign's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 earnings per share. </p><h2>VeriSign Dividend Announcement</h2><ul><li>3 American Outperformers Are Lifting and Initiating Dividends</li></ul><p>The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, November 18th. VeriSign's dividend payout ratio  is 35.90%. </p><h2>Analysts Set New Price Targets</h2><p>Several equities analysts recently issued reports on VRSN shares. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of VeriSign in a research report on Monday, December 15th. Citigroup  restated a &#34;buy&#34; rating on shares of VeriSign in a research note on Friday, October 24th. Robert W. Baird  set a $325.00 price objective on VeriSign in a research report on Friday, October 24th. Zacks Research upgraded VeriSign to a &#34;hold&#34; rating in a report on Thursday, October 30th. Finally, JPMorgan Chase &amp; Co. assumed coverage on VeriSign in a research report on Tuesday, October 28th. They issued a &#34;neutral&#34; rating and a $270.00 target price for the company. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, VeriSign presently has an average rating of &#34;Hold&#34; and an average target price of $281.67.</p><p><b>Check Out Our Latest Report on VRSN</b></p><h2>About VeriSign</h2> (Free Report)<p>VeriSign, Inc <span>NASDAQ: VRSN<span></span></span> is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign's registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.  </p><p>In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than VeriSign</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>The Last Gold Bull Market </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VlJTTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VlJTTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in VeriSign Right Now?</h2><p>Before you consider VeriSign, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VeriSign wasn't on the list.</p><p>While VeriSign currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VRSN

<p>Texas Permanent School Fund Corp reduced its stake in VeriSign, Inc. by 48.3% in the 2nd quarter, now holding 5,663 shares worth $1,635,000. Other institutional investors also modified their holdings. Insiders sold 47,839 shares worth $12,042,404 in the last three months. VeriSign reported $2.27 EPS for the quarter, with revenue of $419.10 million, up 7.3% from last year. The company paid a quarterly dividend of $0.77. Analysts have mixed ratings on VRSN shares.</p>

Texas Permanent School Fund Corp Lowers Holdings in VeriSign, Inc. $VRSN