Aviva PLC Has $9.02 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Aviva PLC trimmed its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,631 shares of the information services provider’s stock after selling 500 shares during the quarter. Aviva PLC’s holdings in VeriSign were worth $9,024,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Eagle Bay Advisors LLC bought a new stake in VeriSign during the second quarter valued at about $26,000. Arkadios Wealth Advisors raised its position in VeriSign by 108.6% in the second quarter. Arkadios Wealth Advisors now owns 121 shares of the information services provider’s stock worth $27,000 after purchasing an additional 63 shares in the last quarter. Founders Financial Alliance LLC acquired a new position in VeriSign in the first quarter worth about $36,000. Alpha Paradigm Partners LLC acquired a new position in VeriSign in the first quarter worth about $40,000. Finally, Prentice Wealth Management LLC acquired a new position in VeriSign in the first quarter worth about $42,000. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO D James Bidzos sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $226.42, for a total transaction of $1,358,520.00. Following the completion of the sale, the chief executive officer now owns 812,826 shares of the company’s stock, valued at $184,040,062.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy Tomlinson sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $223.56, for a total transaction of $134,136.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,052 shares of company stock valued at $4,022,035. Company insiders own 1.27% of the company’s stock.

NASDAQ:VRSN opened at $221.95 on Wednesday. VeriSign, Inc. has a 12-month low of $184.60 and a 12-month high of $234.56. The firm has a market capitalization of $24.83 billion, a PE ratio of 40.28 and a beta of 0.79. The firm has a 50-day moving average price of $219.53 and a 200 day moving average price of $214.65.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 22nd. The information services provider reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.01). The business had revenue of $329.40 million during the quarter, compared to analyst estimates of $328.16 million. VeriSign had a negative return on equity of 44.73% and a net margin of 48.49%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $1.32 EPS. Equities research analysts expect that VeriSign, Inc. will post 5.38 earnings per share for the current fiscal year.

VeriSign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

Read More: What is the S&P/ASX 200 Index?

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VeriSign, Inc. (NASDAQ:VRSN).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.