UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 622,699 shares of the information services provider’s stock after selling 98,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.65% of VeriSign worth $118,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VRSN. Blue Trust Inc. grew its holdings in VeriSign by 291.1% during 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 stake in VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in VeriSign during the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VeriSign in the 2nd quarter worth $39,000. Finally, Concord Wealth Partners increased its holdings in shares of VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after buying an additional 109 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

VeriSign Trading Down 2.3 %

Shares of NASDAQ VRSN opened at $187.18 on Monday. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The firm’s 50-day moving average price is $184.42 and its 200-day moving average price is $180.70. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 21.77 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating 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 for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS.

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.