Forum Financial Management LP Takes Position in VeriSign, Inc. (NASDAQ:VRSN)

Forum Financial Management LP purchased a new position in VeriSign, Inc. (NASDAQ:VRSN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,247 shares of the information services provider’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRSN. Blue Trust Inc. increased its holdings in VeriSign by 291.1% in 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 during the period. UMB Bank n.a. increased 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 acquiring an additional 109 shares during the last quarter. Rothschild Investment LLC acquired a new position in VeriSign during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position 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 worth $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.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 owns 33,593 shares of the company’s stock, valued at $6,382,670. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the sale, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 of the company’s stock, valued at $6,382,670. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

VeriSign Stock Performance

Shares of VRSN opened at $179.15 on Wednesday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 20.83 and a beta of 0.91. The business’s fifty day moving average is $183.72 and its 200-day moving average is $179.33.

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

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.