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

NS Partners Ltd trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,052 shares of the information services provider’s stock after selling 180 shares during the period. NS Partners Ltd’s holdings in VeriSign were worth $20,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of VRSN. Blue Trust Inc. raised its holdings in VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. raised 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 buying an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in VeriSign during the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in VeriSign during the second quarter valued at about $39,000. Finally, Concord Wealth Partners raised its holdings in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Price Performance

NASDAQ VRSN opened at $178.25 on Wednesday. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The stock’s 50-day moving average is $183.79 and its two-hundred day moving average is $179.80. The firm has a market cap of $17.13 billion, a P/E ratio of 20.73 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.06. The company 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 firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.83 earnings per share.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by company 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.