Forum Financial Management LP Buys New Shares in VeriSign, Inc. (NASDAQ:VRSN)

Forum Financial Management LP bought a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,247 shares of the information services provider’s stock, valued at approximately $237,000.

Several other large investors have also recently bought and sold shares of the stock. ProShare Advisors LLC lifted its stake in VeriSign by 0.3% in the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock valued at $4,077,000 after acquiring an additional 62 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of VeriSign by 4.0% in the 2nd 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 during the period. V Square Quantitative Management LLC lifted its stake in VeriSign by 6.7% in the 2nd 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 during the last quarter. Gateway Advisory LLC grew its holdings in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after purchasing an additional 81 shares during the period. Finally, Profund Advisors LLC increased its position in VeriSign by 4.8% during the second 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 last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Stock Up 0.7 %

NASDAQ:VRSN opened at $179.15 on Wednesday. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The stock’s 50 day moving average price is $183.72 and its two-hundred day moving average price is $179.33. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 20.83 and a beta of 0.91.

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

Insider Transactions at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

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.