Tri Ri Asset Management Corp Acquires New Position in VeriSign, Inc. (NASDAQ:VRSN)

Tri Ri Asset Management Corp acquired a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,394 shares of the information services provider’s stock, valued at approximately $5,768,000. VeriSign makes up 6.4% of Tri Ri Asset Management Corp’s investment portfolio, making the stock its 5th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in VeriSign by 291.1% in the 2nd 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 last quarter. UMB Bank n.a. increased its position 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 acquiring an additional 109 shares during the period. Rothschild Investment LLC bought a new position in shares of VeriSign during the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign during the second quarter worth $39,000. Finally, Concord Wealth Partners grew its stake in shares of VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after purchasing an additional 109 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Stock Down 2.3 %

Shares of NASDAQ:VRSN opened at $187.18 on Friday. The firm has a market cap of $17.99 billion, a P/E ratio of 21.77 and a beta of 0.91. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The business has a fifty day simple moving average of $184.42 and a 200 day simple moving average of $180.62.

VeriSign (NASDAQ:VRSN) last posted 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 company had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. VeriSign’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 earnings per share.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

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.