West Family Investments Inc. Raises Stake in VeriSign, Inc. (NASDAQ:VRSN)

West Family Investments Inc. raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,537 shares of the information services provider’s stock after acquiring an additional 57 shares during the quarter. West Family Investments Inc.’s holdings in VeriSign were worth $292,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VRSN. Blue Trust Inc. lifted its stake in VeriSign by 291.1% in the second 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 last quarter. UMB Bank n.a. lifted its stake in VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. Rothschild Investment LLC purchased a new position in VeriSign in the second quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VeriSign in the second quarter worth approximately $39,000. Finally, Concord Wealth Partners lifted its stake in 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 acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 0.5 %

Shares of VeriSign stock opened at $178.25 on Wednesday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The company has a 50 day moving average of $183.79 and a 200 day moving average of $179.80. The company has a market capitalization of $17.13 billion, a P/E ratio of 20.73 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share 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 last year, the company earned $1.83 earnings per share. The firm’s revenue for the quarter 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 VeriSign 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 transaction, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at $6,615,990. The trade was a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is owned by corporate insiders.

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.