VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 6.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,072 shares of the information services provider’s stock after selling 1,772 shares during the period. Amalgamated Bank’s holdings in VeriSign were worth $5,800,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of VeriSign in the 1st quarter valued at approximately $30,000. Quent Capital LLC acquired a new position in shares of VeriSign in the 4th quarter valued at approximately $66,000. HHM Wealth Advisors LLC acquired a new position in shares of VeriSign in the 1st quarter valued at approximately $71,000. Contravisory Investment Management Inc. acquired a new position in shares of VeriSign in the 1st quarter valued at approximately $86,000. Finally, Bank of New Hampshire bought a new stake in shares of VeriSign in the 1st quarter valued at approximately $111,000. 92.96% of the stock is owned by institutional investors and hedge funds.

VeriSign Trading Up 0.2 %

Shares of NASDAQ VRSN opened at $175.03 on Monday. VeriSign, Inc. has a twelve month low of $155.25 and a twelve month high of $257.03. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 23.85 and a beta of 1.00. The business has a 50 day simple moving average of $187.91 and a 200-day simple moving average of $189.30.

VeriSign (NASDAQ:VRSNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The information services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The business had revenue of $351.90 million during the quarter, compared to the consensus estimate of $348.77 million. During the same period in the previous year, the business earned $1.31 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts predict that VeriSign, Inc. will post 6.07 earnings per share for the current year.

Insider Activity

In other news, CEO D James Bidzos sold 12,707 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total value of $2,541,908.28. Following the completion of the sale, the chief executive officer now directly owns 687,051 shares in the company, valued at approximately $137,437,682.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Timothy Tomlinson sold 685 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $186.80, for a total transaction of $127,958.00. Following the completion of the transaction, the director now directly owns 15,692 shares in the company, valued at approximately $2,931,265.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO D James Bidzos sold 12,707 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total value of $2,541,908.28. Following the transaction, the chief executive officer now owns 687,051 shares of the company’s stock, valued at $137,437,682.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,685 shares of company stock worth $3,340,848. 0.98% of the stock is currently owned by insiders.

About VeriSign

(Get Rating)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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