Raymond James & Associates Buys 4,589 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Raymond James & Associates grew its stake in VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,970 shares of the information services provider’s stock after purchasing an additional 4,589 shares during the period. Raymond James & Associates’ holdings in VeriSign were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Jupiter Asset Management Ltd. grew its stake in shares of VeriSign by 1,888.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 143,921 shares of the information services provider’s stock valued at $32,015,000 after purchasing an additional 136,682 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in VeriSign during the 1st quarter worth approximately $174,000. JPMorgan Chase & Co. grew its position in VeriSign by 57.4% during the 1st quarter. JPMorgan Chase & Co. now owns 176,943 shares of the information services provider’s stock worth $39,363,000 after acquiring an additional 64,560 shares during the last quarter. Westpac Banking Corp grew its position in VeriSign by 14,979.7% during the 1st quarter. Westpac Banking Corp now owns 9,651 shares of the information services provider’s stock worth $2,147,000 after acquiring an additional 9,587 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its position in VeriSign by 7.2% during the 1st quarter. Marks Group Wealth Management Inc now owns 5,911 shares of the information services provider’s stock worth $1,315,000 after acquiring an additional 396 shares during the last quarter. 92.96% of the stock is currently owned by institutional investors.

VeriSign Price Performance

NASDAQ VRSN opened at $181.45 on Monday. The firm has a market cap of $19.47 billion, a PE ratio of 24.72 and a beta of 1.00. VeriSign, Inc. has a one year low of $155.25 and a one year high of $257.03. The stock’s 50 day simple moving average is $185.09 and its 200 day simple moving average is $191.88.

VeriSign (NASDAQ:VRSNGet Rating) last released its quarterly earnings results 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 business had revenue of $351.90 million for 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%. VeriSign’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS. As a group, equities analysts expect that VeriSign, Inc. will post 6.07 earnings per share for the current year.

Insiders Place Their Bets

In other VeriSign news, Director Timothy Tomlinson sold 685 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,931,265.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other VeriSign news, CEO D James Bidzos sold 12,707 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total transaction of $2,541,908.28. Following the transaction, 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 document filed with the SEC, which can be accessed through this link. Also, Director Timothy Tomlinson sold 685 shares of the stock in a transaction 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 transaction, the director now directly owns 15,692 shares in the company, valued at approximately $2,931,265.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,685 shares of company stock valued at $3,340,848. 0.98% of the stock is currently owned by corporate insiders.

VeriSign Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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