Concord Wealth Partners Has $43,000 Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Concord Wealth Partners grew its position in VeriSign, Inc. (NASDAQ:VRSN) by 93.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226 shares of the information services provider’s stock after purchasing an additional 109 shares during the period. Concord Wealth Partners’ holdings in VeriSign were worth $43,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VRSN. Blue Trust Inc. increased its position in VeriSign by 291.1% in 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 last quarter. UMB Bank n.a. increased its holdings in shares of VeriSign by 117.2% during the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of VeriSign during the 2nd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign during the 2nd quarter valued at about $39,000. Finally, Versant Capital Management Inc increased its holdings in shares of VeriSign by 55.7% during the 2nd 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 last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Stock Performance

Shares of NASDAQ VRSN opened at $179.07 on Tuesday. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of 22.00 and a beta of 0.90. The business’s 50-day simple moving average is $184.02 and its 200-day simple moving average is $179.57. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91.

VeriSign (NASDAQ:VRSN) last announced its 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 during the quarter, compared to the consensus estimate of $390.19 million. During the same quarter in the prior year, the company earned $1.83 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 in the company, 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 can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate 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.