Accretive Wealth Partners LLC Sells 231 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Accretive Wealth Partners LLC lessened its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 5,420 shares of the information services provider’s stock after selling 231 shares during the period. Accretive Wealth Partners LLC’s holdings in VeriSign were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VeriSign during the 1st quarter worth about $147,000. Epoch Investment Partners Inc. lifted its position in VeriSign by 245.4% during the first quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider’s stock worth $63,420,000 after acquiring an additional 237,770 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of VeriSign by 6.7% during the first quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock worth $150,376,000 after acquiring an additional 49,967 shares during the period. BOKF NA grew its position in shares of VeriSign by 1.7% in the first quarter. BOKF NA now owns 23,746 shares of the information services provider’s stock valued at $4,496,000 after purchasing an additional 395 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of VeriSign by 96.5% during the first quarter. Public Employees Retirement Association of Colorado now owns 18,430 shares of the information services provider’s stock worth $3,493,000 after purchasing an additional 9,051 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Price Performance

VRSN opened at $184.91 on Friday. The business has a fifty day simple moving average of $183.88 and a 200 day simple moving average of $179.85. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The company has a market capitalization of $17.77 billion, a PE ratio of 21.50 and a beta of 0.91.

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

Insider Transactions at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s 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 transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.