Quest Partners LLC Has $2.36 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Quest Partners LLC raised its stake in VeriSign, Inc. (NASDAQ:VRSN) by 32.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,416 shares of the information services provider’s stock after buying an additional 3,027 shares during the quarter. Quest Partners LLC’s holdings in VeriSign were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in 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 during the period. UMB Bank n.a. lifted its stake in 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 during the period. Rothschild Investment LLC acquired a new position in VeriSign in the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VeriSign in the second quarter valued at about $39,000. Finally, Concord Wealth Partners lifted its stake in 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 during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Price Performance

NASDAQ VRSN opened at $180.88 on Monday. The firm has a market cap of $17.38 billion, a P/E ratio of 21.03 and a beta of 0.91. The stock’s 50-day moving average is $183.91 and its 200-day moving average is $179.66. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

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

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by corporate 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.