Kentucky Retirement Systems boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 5.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,889 shares of the information services provider’s stock after acquiring an additional 300 shares during the period. Kentucky Retirement Systems’ holdings in VeriSign were worth $1,495,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of VRSN. Bell Investment Advisors Inc acquired a new position in VeriSign during the third quarter worth $25,000. Concord Wealth Partners acquired a new stake in shares of VeriSign in the fourth quarter valued at about $31,000. TCI Wealth Advisors Inc. raised its position in shares of VeriSign by 27.9% in the third quarter. TCI Wealth Advisors Inc. now owns 229 shares of the information services provider’s stock valued at $47,000 after buying an additional 50 shares during the last quarter. Eagle Bay Advisors LLC raised its position in shares of VeriSign by 152.3% in the third quarter. Eagle Bay Advisors LLC now owns 275 shares of the information services provider’s stock valued at $56,000 after buying an additional 166 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of VeriSign by 41.7% in the fourth quarter. Whittier Trust Co. now owns 340 shares of the information services provider’s stock valued at $86,000 after buying an additional 100 shares during the last quarter. Institutional investors own 90.52% of the company’s stock.
In other VeriSign news, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $226.55, for a total transaction of $139,101.70. Following the completion of the sale, the executive vice president now directly owns 46,806 shares in the company, valued at $10,603,899.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO D James Bidzos sold 3,000 shares of VeriSign stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $200.62, for a total transaction of $601,860.00. The disclosure for this sale can be found here. Insiders have sold 23,976 shares of company stock worth $5,139,568 over the last ninety days. 1.27% of the stock is owned by insiders.
VeriSign stock traded down $2.08 during midday trading on Monday, hitting $213.32. 401,749 shares of the stock were exchanged, compared to its average volume of 613,023. The stock’s 50-day simple moving average is $214.51 and its 200 day simple moving average is $224.50. VeriSign, Inc. has a fifty-two week low of $198.53 and a fifty-two week high of $257.03. The stock has a market capitalization of $23.50 billion, a price-to-earnings ratio of 30.38 and a beta of 0.92.
VeriSign (NASDAQ:VRSN – Get Rating) last issued its earnings results on Thursday, February 10th. The information services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. VeriSign had a net margin of 59.12% and a negative return on equity of 45.19%. The company had revenue of $340.00 million for the quarter, compared to the consensus estimate of $340.37 million. During the same period in the previous year, the firm earned $1.38 earnings per share. VeriSign’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that VeriSign, Inc. will post 5.95 EPS for the current fiscal year.
About VeriSign (Get Rating)
VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.
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