VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by abrdn plc

abrdn plc increased its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 24.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,623 shares of the information services provider's stock after purchasing an additional 4,599 shares during the quarter. abrdn plc's holdings in VeriSign were worth $4,477,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in 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 acquiring an additional 131 shares during the last quarter. UMB Bank n.a. grew its position in VeriSign by 117.2% during the 2nd 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 during the last quarter. Rothschild Investment LLC acquired a new position in shares of VeriSign in the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign in the second quarter valued at about $39,000. Finally, Concord Wealth Partners raised its position 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 buying an additional 109 shares during the last quarter. Institutional investors own 92.90% of the company's stock.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign 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 directly owns 33,593 shares of the company's stock, valued at $6,382,670. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was 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 of the company's stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Performance

VeriSign stock traded up $1.18 during midday trading on Monday, hitting $177.86. 538,118 shares of the company were exchanged, compared to its average volume of 664,855. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The firm has a market capitalization of $17.09 billion, a PE ratio of 20.68 and a beta of 0.91. The business has a fifty day simple moving average of $183.77 and a two-hundred day simple moving average of $179.37.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping 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 business 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 company earned $1.83 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis.

About VeriSign

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.