Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,178 shares of the information services provider's stock after buying an additional 58 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in VeriSign were worth $1,368,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Camden Capital LLC increased its stake in shares of VeriSign by 4.2% in the fourth quarter. Camden Capital LLC now owns 1,757 shares of the information services provider's stock valued at $446,000 after buying an additional 71 shares in the last quarter. State of Michigan Retirement System increased its position in VeriSign by 0.3% in the first quarter. State of Michigan Retirement System now owns 24,379 shares of the information services provider's stock worth $5,423,000 after purchasing an additional 77 shares during the period. Checchi Capital Advisers LLC increased its position in VeriSign by 5.8% in the first quarter. Checchi Capital Advisers LLC now owns 1,401 shares of the information services provider's stock worth $312,000 after purchasing an additional 77 shares during the period. E Fund Management Co. Ltd. increased its position in VeriSign by 4.2% in the first quarter. E Fund Management Co. Ltd. now owns 2,073 shares of the information services provider's stock worth $461,000 after purchasing an additional 83 shares during the period. Finally, Veritable L.P. increased its position in VeriSign by 5.8% in the first quarter. Veritable L.P. now owns 1,578 shares of the information services provider's stock worth $351,000 after purchasing an additional 86 shares during the period. 92.96% of the stock is currently owned by institutional investors and hedge funds.
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In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the firm's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $186.80, for a total transaction of $127,958.00. Following the transaction, the director now owns 15,692 shares in the company, valued at $2,931,265.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the firm's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $186.80, for a total transaction of $127,958.00. Following the transaction, the director now owns 15,692 shares in the company, valued at $2,931,265.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO D James Bidzos sold 3,293 shares of the firm's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $203.76, for a total value of $670,981.68. Following the transaction, the chief executive officer now owns 682,601 shares in the company, valued at approximately $139,086,779.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,685 shares of company stock worth $3,340,848. Insiders own 0.98% of the company's stock.
VeriSign Stock Down 0.5 %
Shares of VRSN stock opened at $173.70 on Friday. The stock has a 50-day moving average price of $187.89 and a 200 day moving average price of $188.11. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 23.66 and a beta of 1.00. VeriSign, Inc. has a 12 month low of $155.25 and a 12 month high of $257.03.
VeriSign (NASDAQ:VRSN – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.02. The firm had revenue of $351.90 million during the quarter, compared to analyst estimates of $348.77 million. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The company's revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. Sell-side analysts predict that VeriSign, Inc. will post 6.07 earnings per share for the current fiscal year.
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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