VeriSign, Inc. (NASDAQ:VRSN) Stock Position Lifted by Concord Wealth Partners

Concord Wealth Partners lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 93.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226 shares of the information services provider’s stock after purchasing an additional 109 shares during the quarter. Concord Wealth Partners’ holdings in VeriSign were worth $43,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of VRSN. D. E. Shaw & Co. Inc. lifted its holdings in shares of VeriSign by 0.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock valued at $261,864,000 after buying an additional 11,606 shares during the period. Liontrust Investment Partners LLP lifted its holdings in shares of VeriSign by 5.8% in the second quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock valued at $156,707,000 after buying an additional 48,344 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of VeriSign by 6.7% in the first quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock valued at $150,376,000 after buying an additional 49,967 shares during the period. AQR Capital Management LLC lifted its holdings in shares of VeriSign by 44.5% in the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after buying an additional 242,884 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of VeriSign by 2.6% in the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock valued at $117,382,000 after buying an additional 17,018 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 1.2 %

Shares of VeriSign stock opened at $179.07 on Tuesday. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of 22.00 and a beta of 0.90. The business has a fifty day simple moving average of $184.02 and a 200-day simple moving average of $179.57. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same period in the prior year, the business posted $1.83 earnings per share. VeriSign’s revenue was up 3.8% compared to the same quarter last year.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

About VeriSign

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.