VeriSign, Inc. (NASDAQ:VRSN) Position Cut by NS Partners Ltd

NS Partners Ltd trimmed its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,052 shares of the information services provider’s stock after selling 180 shares during the quarter. NS Partners Ltd owned about 0.11% of VeriSign worth $20,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRSN. Empirical Finance LLC boosted its stake in shares of VeriSign by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after acquiring an additional 57 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of VeriSign by 3.9% during the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after acquiring an additional 57 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of VeriSign by 4.0% in the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 71 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of VeriSign by 6.7% in the second quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider’s stock valued at $208,000 after purchasing an additional 74 shares in the last quarter. Finally, Gateway Advisory LLC lifted its holdings in shares of VeriSign by 5.6% in the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 81 shares in the last quarter. 92.90% of the stock is owned by institutional investors.

VeriSign Stock Down 0.5 %

VRSN opened at $178.25 on Wednesday. The stock has a fifty day moving average of $183.79 and a 200-day moving average of $179.80. The firm has a market capitalization of $17.13 billion, a P/E ratio of 20.73 and a beta of 0.91. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. The company had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.

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.