Investment Management Corp of Ontario Has $3.60 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Investment Management Corp of Ontario increased its position in VeriSign, Inc. (NASDAQ:VRSN) by 126.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,932 shares of the information services provider’s stock after buying an additional 10,554 shares during the period. Investment Management Corp of Ontario’s holdings in VeriSign were worth $3,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empirical Finance LLC grew its stake in VeriSign by 1.9% in the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock valued at $577,000 after acquiring an additional 57 shares during the period. West Family Investments Inc. lifted its holdings in shares of VeriSign by 3.9% in the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after purchasing an additional 57 shares in the last quarter. Larson Financial Group LLC grew its position in VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 71 shares during the period. V Square Quantitative Management LLC increased its stake in VeriSign by 6.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider’s stock valued at $208,000 after purchasing an additional 74 shares in the last quarter. Finally, Gateway Advisory LLC raised its holdings in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after buying an additional 81 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

VeriSign Stock Performance

VRSN stock opened at $187.99 on Wednesday. The company has a market capitalization of $18.07 billion, a P/E ratio of 21.86 and a beta of 0.92. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The business has a 50-day simple moving average of $184.70 and a two-hundred day simple moving average of $180.97.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. During the same period last year, the business earned $1.83 EPS. The business’s revenue was up 3.8% on a year-over-year basis.

Insider Buying and Selling

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction 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 $6,382,670. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the sale, the executive vice president now owns 26,157 shares of the company’s stock, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,776 shares of company stock worth $1,102,524. 0.84% of the stock is 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.