Farther Finance Advisors LLC Raises Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Farther Finance Advisors LLC grew its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 68.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 854 shares of the information services provider’s stock after purchasing an additional 346 shares during the quarter. Farther Finance Advisors LLC’s holdings in VeriSign were worth $162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. raised its stake in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of VeriSign in the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VeriSign in the second quarter valued at $39,000. Finally, Concord Wealth Partners grew its stake in VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Price Performance

VRSN stock opened at $183.56 on Monday. The business’s 50-day moving average is $183.90 and its two-hundred day moving average is $179.38. The firm has a market capitalization of $17.64 billion, a P/E ratio of 21.34 and a beta of 0.91. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. During the same quarter last year, the company earned $1.83 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the transaction, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

VeriSign 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.