Allworth Financial LP Sells 758 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Allworth Financial LP reduced its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 50.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 749 shares of the information services provider’s stock after selling 758 shares during the quarter. Allworth Financial LP’s holdings in VeriSign were worth $154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Resurgent Financial Advisors LLC purchased a new position in VeriSign in the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of VeriSign by 52.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of VeriSign by 2,628.6% during the second quarter. Eagle Bay Advisors LLC now owns 191 shares of the information services provider’s stock valued at $32,000 after purchasing an additional 184 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in VeriSign in the 4th quarter worth about $36,000. Finally, Baldwin Brothers LLC MA lifted its stake in VeriSign by 158.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 111 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

VeriSign Trading Up 0.8 %

VRSN opened at $189.78 on Friday. VeriSign, Inc. has a 1-year low of $185.19 and a 1-year high of $229.72. The firm’s 50 day simple moving average is $192.50 and its two-hundred day simple moving average is $201.57. The company has a market capitalization of $19.15 billion, a PE ratio of 23.96 and a beta of 0.88.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.09. VeriSign had a negative return on equity of 46.56% and a net margin of 54.74%. The company had revenue of $380.40 million for the quarter, compared to the consensus estimate of $381.01 million. Equities analysts forecast that VeriSign, Inc. will post 7.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VRSN has been the topic of a number of research analyst reports. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup cut their price objective on VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 614 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total value of $116,660.00. Following the completion of the transaction, the executive vice president now directly owns 42,569 shares in the company, valued at $8,088,110. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO D James Bidzos sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $203.58, for a total value of $407,160.00. Following the transaction, the chief executive officer now directly owns 504,306 shares of the company’s stock, valued at approximately $102,666,615.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 614 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the sale, the executive vice president now directly owns 42,569 shares of the company’s stock, valued at $8,088,110. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,388 shares of company stock worth $3,597,494. Company insiders own 0.94% of the company’s stock.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.