Empirical Finance LLC Has $577,000 Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Empirical Finance LLC raised its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,038 shares of the information services provider’s stock after acquiring an additional 57 shares during the period. Empirical Finance LLC’s holdings in VeriSign were worth $577,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Empowered Funds LLC bought a new position in VeriSign during the 1st quarter worth $223,000. Sei Investments Co. lifted its stake in shares of VeriSign by 133.6% in the first quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock worth $7,052,000 after acquiring an additional 21,285 shares during the period. Acadian Asset Management LLC boosted its holdings in VeriSign by 7,443.1% in the first quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock valued at $5,673,000 after acquiring an additional 29,549 shares during the last quarter. UniSuper Management Pty Ltd increased its position in VeriSign by 44.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 16,016 shares of the information services provider’s stock valued at $3,035,000 after purchasing an additional 4,904 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in VeriSign by 1.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,284 shares of the information services provider’s stock worth $20,915,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.

VeriSign Stock Performance

Shares of NASDAQ VRSN opened at $180.88 on Monday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The company’s 50 day moving average price is $183.91 and its 200-day moving average price is $179.66. The company has a market capitalization of $17.38 billion, a P/E ratio of 21.03 and a beta of 0.91.

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

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.