FORA Capital LLC Sells 3,535 Shares of VeriSign, Inc. (NASDAQ:VRSN)

FORA Capital LLC lowered its stake in VeriSign, Inc. (NASDAQ:VRSN) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,082 shares of the information services provider’s stock after selling 3,535 shares during the quarter. FORA Capital LLC’s holdings in VeriSign were worth $2,485,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased its position in VeriSign by 291.1% in the 2nd 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. raised its position in shares of VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares during the period. Rothschild Investment LLC acquired a new position in shares of VeriSign during the second quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign in the 2nd quarter worth $39,000. Finally, Concord Wealth Partners grew its position in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Up 3.1 %

VRSN traded up $5.77 during trading on Wednesday, hitting $190.93. 105,527 shares of the company’s stock were exchanged, compared to its average volume of 659,645. The stock has a market cap of $18.35 billion, a P/E ratio of 21.53 and a beta of 0.91. The business’s 50 day moving average is $183.87 and its two-hundred day moving average is $180.27. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 55.74% and a negative return on equity of 45.59%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

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.