VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 4.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 7,140 shares of the information services provider’s stock after selling 310 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in VeriSign were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in VeriSign by 1.8% in the 1st quarter. Bank of America Corp DE now owns 348,703 shares of the information services provider’s stock worth $77,573,000 after acquiring an additional 6,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in VeriSign by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 83,118 shares of the information services provider’s stock worth $18,490,000 after acquiring an additional 19,589 shares in the last quarter. Ninety One UK Ltd increased its holdings in VeriSign by 6.4% in the 1st quarter. Ninety One UK Ltd now owns 3,822,105 shares of the information services provider’s stock worth $850,265,000 after acquiring an additional 228,682 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in VeriSign by 38.1% in the 1st quarter. Neuberger Berman Group LLC now owns 6,241 shares of the information services provider’s stock worth $1,388,000 after acquiring an additional 1,722 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in VeriSign by 0.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 72,877 shares of the information services provider’s stock worth $16,212,000 after acquiring an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 92.96% of the company’s stock.

VeriSign Stock Performance

Shares of NASDAQ VRSN opened at $176.72 on Thursday. The firm has a market cap of $18.96 billion, a PE ratio of 24.08 and a beta of 1.00. The firm has a fifty day moving average of $187.95 and a 200 day moving average of $188.62. VeriSign, Inc. has a one year low of $155.25 and a one year high of $257.03.

VeriSign (NASDAQ:VRSNGet Rating) last released its earnings results on Thursday, July 28th. The information services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. VeriSign had a net margin of 59.09% and a negative return on equity of 47.84%. The business had revenue of $351.90 million during the quarter, compared to analyst estimates of $348.77 million. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts predict that VeriSign, Inc. will post 6.07 EPS for the current fiscal year.

Insider Transactions at VeriSign

In other news, CEO D James Bidzos sold 3,293 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $203.76, for a total transaction of $670,981.68. Following the completion of the sale, the chief executive officer now owns 682,601 shares of the company’s stock, valued at $139,086,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Timothy Tomlinson sold 685 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $186.80, for a total transaction of $127,958.00. Following the transaction, the director now owns 15,692 shares of the company’s stock, valued at approximately $2,931,265.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO D James Bidzos sold 3,293 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $203.76, for a total transaction of $670,981.68. Following the transaction, the chief executive officer now directly owns 682,601 shares in the company, valued at approximately $139,086,779.76. The disclosure for this sale can be found here. Insiders sold 16,685 shares of company stock valued at $3,340,848 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

VeriSign Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VeriSign, Inc. (NASDAQ:VRSNGet Rating).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.