VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its position in VeriSign, Inc. (NASDAQ:VRSN) by 2.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,832 shares of the information services provider’s stock after purchasing an additional 107 shares during the period. First Horizon Advisors Inc.’s holdings in VeriSign were worth $728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its position 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 buying an additional 131 shares during the last quarter. UMB Bank n.a. raised 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 valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new stake in VeriSign in the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VeriSign during the second quarter worth approximately $39,000. Finally, Concord Wealth Partners grew its holdings 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. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’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 completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This represents a 3.53 % decrease in their position. 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 insiders.

VeriSign Stock Up 1.9 %

NASDAQ:VRSN opened at $184.91 on Friday. The company’s 50 day moving average is $183.88 and its 200-day moving average is $179.85. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 21.50 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released 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. 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 during the quarter, compared to analyst estimates of $390.19 million. During the same quarter in the previous year, the business earned $1.83 EPS. The business’s revenue was up 3.8% on a year-over-year basis.

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.