Oppenheimer Asset Management Inc. Buys 71 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Oppenheimer Asset Management Inc. increased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,184 shares of the information services provider’s stock after acquiring an additional 71 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in VeriSign were worth $7,063,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VRSN. ProShare Advisors LLC lifted its stake in shares of VeriSign by 0.3% in the 1st quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock valued at $4,077,000 after purchasing an additional 62 shares during the period. Larson Financial Group LLC lifted its stake in 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 buying an additional 71 shares during the period. V Square Quantitative Management LLC lifted its stake in 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 buying an additional 74 shares during the period. Gateway Advisory LLC boosted its holdings in shares of VeriSign by 5.6% during the 2nd quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after buying an additional 81 shares in the last quarter. Finally, Profund Advisors LLC grew its position in shares of VeriSign by 4.8% during the 2nd quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock worth $319,000 after buying an additional 82 shares during the period. 92.90% of the stock is currently owned by institutional investors.

VeriSign Stock Down 0.3 %

VeriSign stock opened at $184.36 on Friday. The company has a market capitalization of $17.72 billion, a PE ratio of 21.44 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 firm’s fifty day moving average is $183.91 and its 200 day moving average is $179.45.

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

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’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 of the company’s stock, valued at $6,615,990. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.