VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,847 shares of the information services provider’s stock after selling 683 shares during the quarter. Kentucky Retirement Systems’ holdings in VeriSign were worth $1,111,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its holdings in VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. grew its stake in shares of VeriSign by 117.2% in the 2nd 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 last quarter. Rothschild Investment LLC bought a new stake in shares of VeriSign in the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VeriSign during the second quarter valued at approximately $39,000. Finally, Concord Wealth Partners lifted its stake in VeriSign by 93.2% during the third 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 last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Performance

VeriSign stock opened at $179.20 on Tuesday. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 20.84 and a beta of 0.91. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The firm’s 50 day moving average price is $183.85 and its two-hundred day moving average price is $179.73.

VeriSign (NASDAQ:VRSN) last released 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. The business had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.83 EPS.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. This represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

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.