SYM FINANCIAL Corp Has $267,000 Stake in VeriSign, Inc. (NASDAQ:VRSN)

SYM FINANCIAL Corp boosted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,403 shares of the information services provider’s stock after purchasing an additional 214 shares during the quarter. SYM FINANCIAL Corp’s holdings in VeriSign were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VRSN. Blue Trust Inc. grew its holdings in VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. grew its holdings in VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the period. Rothschild Investment LLC acquired a new position in VeriSign during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VeriSign during the second quarter valued at approximately $39,000. Finally, Concord Wealth Partners grew its holdings in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Performance

Shares of NASDAQ VRSN opened at $187.00 on Thursday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The firm has a 50 day moving average price of $184.80 and a 200 day moving average price of $181.01. The stock has a market cap of $17.97 billion, a P/E ratio of 21.74 and a beta of 0.92.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating 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 firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis.

Insider Buying and Selling at VeriSign

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