Texas Permanent School Fund Corp lessened its stake in VeriSign, Inc. (NASDAQ:VRSN – Free Report) by 22.9% in the 2nd quarter, Holdings Channel reports. The firm owned 14,027 shares of the information services provider’s stock after selling 4,177 shares during the period. Texas Permanent School Fund Corp’s holdings in VeriSign were worth $2,494,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in VeriSign in the 4th quarter valued at approximately $207,161,000. Liontrust Investment Partners LLP grew its holdings in VeriSign by 5.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after acquiring an additional 48,344 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of VeriSign by 6.7% in the 1st quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock valued at $150,376,000 after purchasing an additional 49,967 shares during the last quarter. TD Asset Management Inc lifted its position in shares of VeriSign by 2.6% during the 2nd quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after purchasing an additional 17,018 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in VeriSign by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 652,346 shares of the information services provider’s stock valued at $115,987,000 after buying an additional 3,684 shares during the last quarter. 92.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the completion of the sale, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on VeriSign
VeriSign Stock Performance
Shares of VRSN opened at $182.46 on Tuesday. The stock has a market capitalization of $17.81 billion, a P/E ratio of 22.42 and a beta of 0.90. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The company’s fifty day moving average is $180.10 and its two-hundred day moving average is $180.56.
VeriSign (NASDAQ:VRSN – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.93 by $0.08. The business had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.79 earnings per share.
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.
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