Oxbow Advisors LLC purchased a new position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,084 shares of the information services provider's stock, valued at approximately $2,675,000.
A number of other hedge funds have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of VeriSign by 31.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,126 shares of the information services provider's stock valued at $403,000 after acquiring an additional 513 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in VeriSign in the first quarter valued at approximately $558,000. Texas Permanent School Fund Corp boosted its stake in shares of VeriSign by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,204 shares of the information services provider's stock valued at $3,450,000 after buying an additional 144 shares during the period. Empirical Finance LLC increased its stake in shares of VeriSign by 3.4% during the first quarter. Empirical Finance LLC now owns 3,274 shares of the information services provider's stock worth $620,000 after buying an additional 108 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in VeriSign by 23.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 19,128 shares of the information services provider's stock valued at $3,625,000 after acquiring an additional 3,590 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.
Insider Transactions at VeriSign
In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign 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 owns 34,821 shares of the company's stock, valued at $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company's stock.
VeriSign Stock Down 1.3 %
NASDAQ VRSN traded down $2.40 on Friday, hitting $183.56. 467,396 shares of the stock were exchanged, compared to its average volume of 665,646. 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 moving average price of $183.90 and a 200-day moving average price of $179.42. The company has a market cap of $17.64 billion, a PE ratio of 21.34 and a beta of 0.91.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted 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. The firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. VeriSign's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share.
VeriSign Company Profile
(
Free Report)
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.
Further Reading
Before you consider VeriSign, you'll want to hear this.
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.
While VeriSign currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
