Connor Clark & Lunn Investment Management Ltd. lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 21.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,608 shares of the information services provider’s stock after buying an additional 983 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in VeriSign were worth $938,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its position in VeriSign by 5.2% during the 2nd quarter. US Bancorp DE now owns 6,079 shares of the information services provider’s stock valued at $1,017,000 after acquiring an additional 299 shares in the last quarter. Aviva PLC raised its stake in VeriSign by 31.8% in the 2nd quarter. Aviva PLC now owns 90,517 shares of the information services provider’s stock worth $15,146,000 after acquiring an additional 21,830 shares during the last quarter. Prudential PLC raised its stake in VeriSign by 52.5% in the 1st quarter. Prudential PLC now owns 26,023 shares of the information services provider’s stock worth $5,789,000 after acquiring an additional 8,964 shares during the last quarter. Greenleaf Trust raised its stake in shares of VeriSign by 8.2% during the 1st quarter. Greenleaf Trust now owns 2,860 shares of the information services provider’s stock valued at $636,000 after buying an additional 216 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of VeriSign during the 1st quarter valued at about $174,000. 92.96% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at VeriSign
In other VeriSign news, CEO D James Bidzos sold 3,293 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $203.76, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO D James Bidzos sold 3,293 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 682,601 shares in the company, valued at $139,086,779.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $202.05, for a total transaction of $123,856.65. Following the completion of the transaction, the executive vice president now owns 41,816 shares of the company’s stock, valued at approximately $8,448,922.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,824 shares of company stock valued at $1,179,373 over the last quarter. 0.98% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
VeriSign Trading Down 1.3 %
VRSN stock opened at $178.32 on Thursday. VeriSign, Inc. has a 12-month low of $155.25 and a 12-month high of $257.03. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 23.71 and a beta of 1.01. The business’s 50-day moving average is $180.93 and its 200 day moving average is $180.04.
VeriSign (NASDAQ:VRSN – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The information services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. VeriSign had a negative return on equity of 47.71% and a net margin of 59.07%. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $356.40 million. During the same period in the prior year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that VeriSign, Inc. will post 6.07 EPS for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on VeriSign (VRSN)
- Is Triple-Digit Growth Ahead For Digital Ad Platform Trade Desk?
- EV Maker Lucid Falls On Declining Orders, Rivian Up On Guidance
- Goodyear Tire & Rubber Stock is Becoming a Mighty Good Bargain
- Analysts Rate DraftKings a Moderate Buy As Growth Slows
- DoorDash Outperforms Despite Losses – Is It Time To Buy?
Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.