Mount Yale Investment Advisors LLC Has $489,000 Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Mount Yale Investment Advisors LLC lessened its stake in VeriSign, Inc. (NASDAQ:VRSN) by 14.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,575 shares of the information services provider’s stock after selling 445 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in VeriSign were worth $489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC raised its position in VeriSign by 0.3% during the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock worth $4,077,000 after acquiring an additional 62 shares in the last quarter. Larson Financial Group LLC raised its position in shares of VeriSign by 4.0% in the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 71 shares during the period. V Square Quantitative Management LLC raised its position in shares of VeriSign by 6.7% in the second quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider’s stock valued at $208,000 after purchasing an additional 74 shares during the period. Gateway Advisory LLC raised its position in shares of VeriSign by 5.6% in the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 81 shares during the period. Finally, Profund Advisors LLC raised its position in shares of VeriSign by 4.8% in the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of VRSN opened at $181.26 on Monday. The firm has a market capitalization of $18.05 billion, a PE ratio of 22.27 and a beta of 0.90. The company’s 50-day moving average is $184.10 and its 200-day moving average is $179.70. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data 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. The company had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.84% 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.