Capital Performance Advisors LLP Invests $157,000 in VeriSign, Inc. (NASDAQ:VRSN)

Capital Performance Advisors LLP bought a new stake in VeriSign, Inc. (NASDAQ:VRSN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 825 shares of the information services provider’s stock, valued at approximately $157,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRSN. Blue Trust Inc. boosted its holdings in shares of VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. UMB Bank n.a. grew its holdings in VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after acquiring an additional 109 shares during the period. Rothschild Investment LLC purchased a new position in VeriSign during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign in the 2nd quarter valued at $39,000. Finally, Concord Wealth Partners raised its position in shares of VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Up 0.3 %

Shares of NASDAQ:VRSN traded up $0.64 during trading on Friday, reaching $186.60. 37,582 shares of the company’s stock traded hands, compared to its average volume of 663,666. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The company has a 50-day simple moving average of $183.83 and a 200-day simple moving average of $179.38. The firm has a market cap of $17.93 billion, a PE ratio of 21.62 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $390.19 million. During the same period in the previous year, the business earned $1.83 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year.

Insiders Place Their Bets

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

VeriSign 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.