JustInvest LLC boosted its stake in VeriSign, Inc. (NASDAQ:VRSN) by 130.8% in the second quarter, HoldingsChannel reports. The firm owned 2,989 shares of the information services provider’s stock after buying an additional 1,694 shares during the period. JustInvest LLC’s holdings in VeriSign were worth $681,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of VRSN. Eagle Bay Advisors LLC bought a new position in shares of VeriSign in the second quarter valued at $26,000. Arkadios Wealth Advisors lifted its stake in shares of VeriSign by 108.6% in the second quarter. Arkadios Wealth Advisors now owns 121 shares of the information services provider’s stock valued at $27,000 after buying an additional 63 shares in the last quarter. Founders Financial Alliance LLC bought a new position in shares of VeriSign in the first quarter valued at $36,000. Alpha Paradigm Partners LLC bought a new position in shares of VeriSign in the first quarter valued at $40,000. Finally, Prentice Wealth Management LLC bought a new position in shares of VeriSign in the first quarter valued at $42,000. Institutional investors and hedge funds own 88.46% of the company’s stock.
In other news, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction that occurred on Wednesday, August 18th. The stock was sold at an average price of $210.71, for a total value of $129,165.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO D James Bidzos sold 6,000 shares of the company’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 value of $1,358,520.00. Following the completion of the transaction, the chief executive officer now directly owns 812,826 shares of the company’s stock, valued at $184,040,062.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,052 shares of company stock valued at $5,128,335. Company insiders own 1.27% of the company’s stock.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, July 22nd. The information services provider reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). VeriSign had a net margin of 48.49% and a negative return on equity of 44.73%. The business had revenue of $329.40 million during the quarter, compared to the consensus estimate of $328.16 million. During the same period last year, the business posted $1.32 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that VeriSign, Inc. will post 5.38 earnings per share for the current fiscal year.
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.
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