VeriSign, Inc. (NASDAQ:VRSN) Stock Position Lifted by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 126.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,932 shares of the information services provider's stock after purchasing an additional 10,554 shares during the period. Investment Management Corp of Ontario's holdings in VeriSign were worth $3,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VRSN. Blue Trust Inc. boosted its position in VeriSign by 291.1% during the 2nd 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. lifted its position in shares of 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 purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC purchased a new position in VeriSign in the 2nd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VeriSign during the second quarter worth approximately $39,000. Finally, Concord Wealth Partners grew its holdings in VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider's stock worth $43,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company's stock.

VeriSign Stock Down 1.2 %

Shares of VRSN traded down $2.20 during mid-day trading on Wednesday, hitting $185.79. The stock had a trading volume of 223,785 shares, compared to its average volume of 662,775. The company has a market cap of $17.85 billion, a PE ratio of 21.69 and a beta of 0.92. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The company's fifty day simple moving average is $184.70 and its two-hundred day simple moving average is $180.97.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, topping 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 net margin of 55.74% and a negative return on equity of 45.59%. VeriSign's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 34,821 shares of the company's stock, valued at $6,615,990. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Danny R. Mcpherson sold 2,092 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the sale, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,776 shares of company stock worth $1,102,524. 0.84% of the stock is owned by company insiders.

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.