AustralianSuper Pty Ltd boosted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 33.6% in the 2nd quarter, Holdings Channel reports. The fund owned 387,749 shares of the information services provider's stock after acquiring an additional 97,523 shares during the quarter. AustralianSuper Pty Ltd's holdings in VeriSign were worth $64,882,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRSN. Virginia Retirement Systems ET AL lifted its stake in shares of VeriSign by 8.7% in the 1st quarter. Virginia Retirement Systems ET AL now owns 43,700 shares of the information services provider's stock valued at $9,722,000 after purchasing an additional 3,500 shares during the last quarter. Amalgamated Bank raised its stake in shares of VeriSign by 5.0% in the 4th quarter. Amalgamated Bank now owns 27,844 shares of the information services provider's stock valued at $7,067,000 after acquiring an additional 1,328 shares during the period. Inspire Investing LLC acquired a new position in VeriSign during the 1st quarter worth about $363,000. Prudential PLC grew its position in VeriSign by 52.5% in the 1st quarter. Prudential PLC now owns 26,023 shares of the information services provider's stock valued at $5,789,000 after acquiring an additional 8,964 shares in the last quarter. Finally, Ninety One North America Inc. increased its stake in VeriSign by 3.2% during the first quarter. Ninety One North America Inc. now owns 495,399 shares of the information services provider's stock worth $110,206,000 after purchasing an additional 15,560 shares during the period. Institutional investors and hedge funds own 92.96% of the company's stock.
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VeriSign Price Performance
Shares of NASDAQ VRSN traded down $2.13 during midday trading on Tuesday, hitting $174.14. The company's stock had a trading volume of 3,758 shares, compared to its average volume of 597,414. VeriSign, Inc. has a 1 year low of $155.25 and a 1 year high of $257.03. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 23.72 and a beta of 1.00. The business's fifty day simple moving average is $187.91 and its two-hundred day simple moving average is $188.80.
VeriSign (NASDAQ:VRSN – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.02. The business had revenue of $351.90 million during the quarter, compared to the consensus estimate of $348.77 million. VeriSign had a net
margin of 59.09% and a negative return on equity of 47.84%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. Analysts anticipate that VeriSign, Inc. will post 6.07 EPS for the current fiscal year.
Insider Activity
In related news, CEO D James Bidzos sold 3,293 shares of VeriSign stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $203.76, for a total value of $670,981.68. Following the transaction, the chief executive officer now directly owns 682,601 shares in the company, valued at approximately $139,086,779.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $186.80, for a total value of $127,958.00. Following the completion of the transaction, the director now owns 15,692 shares in the company, valued at $2,931,265.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO D James Bidzos sold 3,293 shares of VeriSign stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $203.76, for a total transaction of $670,981.68. Following the sale, the chief executive officer now owns 682,601 shares of the company's stock, valued at $139,086,779.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,685 shares of company stock valued at $3,340,848. Company insiders own 0.98% of the company's stock.
VeriSign Company Profile
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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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