Wealth Enhancement Advisory Services LLC Raises Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 754.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,050 shares of the information services provider's stock after purchasing an additional 21,234 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in VeriSign were worth $4,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. raised its stake in shares of VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock valued at $33,000 after buying an additional 131 shares during the period. UMB Bank n.a. grew its stake in VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider's stock valued at $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new stake in VeriSign during the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VeriSign during the second quarter valued at about $39,000. Finally, Versant Capital Management Inc boosted its position in shares of VeriSign by 55.7% in the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider's stock valued at $58,000 after acquiring an additional 117 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the sale, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the firm'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 directly owns 34,821 shares of the company's stock, valued at approximately $6,615,990. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

VeriSign Stock Performance

VeriSign stock traded down $0.16 during midday trading on Friday, reaching $176.68. 850,227 shares of the stock were exchanged, compared to its average volume of 665,453. The company's fifty day moving average is $183.90 and its 200-day moving average is $179.49. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The firm has a market cap of $16.98 billion, a PE ratio of 20.57 and a beta of 0.90.

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

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.