Quarry LP Grows Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Quarry LP raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 156.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,769 shares of the information services provider’s stock after buying an additional 1,689 shares during the period. Quarry LP’s holdings in VeriSign were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VRSN. Blue Trust Inc. grew its position in shares of VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. grew its position 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 period. Rothschild Investment LLC acquired a new stake in shares of VeriSign during the 2nd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VeriSign in the 2nd quarter worth about $39,000. Finally, Concord Wealth Partners boosted its holdings in VeriSign by 93.2% in 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. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’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 transaction of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. The trade was a 6.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Danny R. Mcpherson sold 2,092 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,776 shares of company stock worth $1,102,524. Insiders own 0.84% of the company’s stock.

VeriSign Trading Up 1.0 %

VRSN stock opened at $188.96 on Friday. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 21.97 and a beta of 0.92. The business’s 50-day moving average is $184.85 and its 200 day moving average is $181.07.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. During the same period in the previous year, the firm posted $1.83 EPS. VeriSign’s revenue was up 3.8% compared to the same quarter last year.

VeriSign 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.