VeriSign, Inc. (NASDAQ:VRSN) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 233,323 shares of the information services provider’s stock after buying an additional 20,914 shares during the quarter. Citigroup Inc.’s holdings in VeriSign were worth $44,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. increased its holdings 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 buying an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign in the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign in the second quarter valued at $39,000. Finally, Concord Wealth Partners increased its holdings in shares of VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

NASDAQ VRSN opened at $180.77 on Monday. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 21.02 and a beta of 0.91. The firm’s 50 day moving average price is $183.84 and its two-hundred day moving average price is $180.09.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, topping 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 period in the previous year, the company posted $1.83 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction on 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 in the company, valued at $6,382,670. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.

About VeriSign

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.