FORA Capital LLC Decreases Position in VeriSign, Inc. (NASDAQ:VRSN)

FORA Capital LLC decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 21.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,082 shares of the information services provider’s stock after selling 3,535 shares during the period. FORA Capital LLC’s holdings in VeriSign were worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VRSN. Blue Trust Inc. grew its stake 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 worth $33,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. lifted 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 last quarter. Rothschild Investment LLC bought a new position in VeriSign during the second quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VeriSign in the second quarter worth about $39,000. Finally, Concord Wealth Partners increased 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 in the last quarter. 92.90% of the stock is owned by institutional investors.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This represents a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

VeriSign Trading Up 3.1 %

Shares of VRSN stock traded up $5.77 during trading on Wednesday, reaching $190.93. 105,527 shares of the company’s stock traded hands, compared to its average volume of 659,645. The firm’s 50-day moving average is $183.87 and its 200 day moving average is $180.27. The company has a market capitalization of $18.35 billion, a P/E ratio of 21.53 and a beta of 0.91. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its earnings results 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. The firm had revenue of $390.60 million for the quarter, compared to the consensus estimate of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 earnings per share.

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.