Allworth Financial LP lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,461 shares of the information services provider's stock after buying an additional 178 shares during the quarter. Allworth Financial LP's holdings in VeriSign were worth $244,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in VeriSign by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,445,949 shares of the information services provider's stock worth $2,323,807,000 after acquiring an additional 59,957 shares during the last quarter. BlackRock Inc. boosted its stake in VeriSign by 2.6% during the 1st quarter. BlackRock Inc. now owns 10,364,854 shares of the information services provider's stock worth $2,305,766,000 after acquiring an additional 262,334 shares during the last quarter. State Street Corp raised its holdings in VeriSign by 4.3% during the 4th quarter. State Street Corp now owns 4,029,345 shares of the information services provider's stock worth $1,022,728,000 after buying an additional 164,266 shares during the period. Ninety One UK Ltd raised its holdings in VeriSign by 6.4% during the 1st quarter. Ninety One UK Ltd now owns 3,822,105 shares of the information services provider's stock worth $850,265,000 after buying an additional 228,682 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in VeriSign by 8.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,694,736 shares of the information services provider's stock worth $599,472,000 after buying an additional 208,321 shares during the period. Institutional investors and hedge funds own 92.96% of the company's stock.
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In other news, CEO D James Bidzos sold 12,707 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total value of $2,541,908.28. Following the completion of the sale, the chief executive officer now owns 687,051 shares of the company's stock, valued at approximately $137,437,682.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO D James Bidzos sold 12,707 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total value of $2,541,908.28. Following the completion of the sale, the chief executive officer now owns 687,051 shares of the company's stock, valued at approximately $137,437,682.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy Tomlinson sold 685 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $186.80, for a total value of $127,958.00. Following the completion of the sale, the director now directly owns 15,692 shares of the company's stock, valued at approximately $2,931,265.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,685 shares of company stock valued at $3,340,848. 0.98% of the stock is owned by insiders.
VeriSign Stock Performance
Shares of VRSN stock opened at $173.70 on Monday. The company has a market capitalization of $18.64 billion, a P/E ratio of 23.66 and a beta of 1.00. The company's 50 day moving average price is $187.89 and its two-hundred day moving average price is $187.82. VeriSign, Inc. has a 52 week low of $155.25 and a 52 week high of $257.03.VeriSign (NASDAQ:VRSN – Get Rating) last issued its quarterly earnings results 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 company had revenue of $351.90 million during the quarter, compared to analysts' expectations of $348.77 million. VeriSign had a net margin of 59.09% and a negative return on equity of 47.84%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $1.31 EPS. Analysts forecast that VeriSign, Inc. will post 6.07 earnings per share for the current 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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