Hilltop Holdings Inc. Purchases Shares of 2,709 VeriSign, Inc. (NASDAQ:VRSN)

Hilltop Holdings Inc. bought a new stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,709 shares of the information services provider's stock, valued at approximately $515,000.

A number of other hedge funds also recently modified their holdings of VRSN. Blue Trust Inc. boosted its holdings in shares of VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock worth $33,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. increased its stake in shares of VeriSign by 117.2% in 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 last quarter. Rothschild Investment LLC acquired a new position in shares of VeriSign in the second quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VeriSign during the second quarter worth $39,000. Finally, Concord Wealth Partners boosted its position in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider's stock valued at $43,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.

Insiders Place Their Bets

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now directly owns 26,157 shares of the company's stock, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business'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 value of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares of the company's stock, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,776 shares of company stock valued at $1,102,524 over the last ninety days. Corporate insiders own 0.84% of the company's stock.

VeriSign Trading Up 1.2 %

NASDAQ VRSN traded up $2.18 on Friday, reaching $191.14. The stock had a trading volume of 441,368 shares, compared to its average volume of 662,040. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The business has a 50 day moving average price of $184.85 and a 200 day moving average price of $181.07. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 22.15 and a beta of 0.92.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly 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 business had revenue of $390.60 million during the quarter, compared to analysts' expectations of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 EPS.

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.