Sowell Financial Services LLC lowered its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 37.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152 shares of the information services provider’s stock after selling 92 shares during the quarter. Sowell Financial Services LLC’s holdings in VeriSign were worth $34,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of VRSN. NFC Investments LLC acquired a new stake in VeriSign during the 4th quarter worth approximately $6,967,000. Atalan Capital Partners LP increased its position in VeriSign by 2.0% during the 4th quarter. Atalan Capital Partners LP now owns 617,000 shares of the information services provider’s stock worth $133,519,000 after purchasing an additional 12,000 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in VeriSign by 3.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,131 shares of the information services provider’s stock worth $1,219,000 after purchasing an additional 190 shares in the last quarter. Commerce Bank increased its position in VeriSign by 1.8% during the 1st quarter. Commerce Bank now owns 49,741 shares of the information services provider’s stock worth $9,886,000 after purchasing an additional 900 shares in the last quarter. Finally, Gardner Lewis Asset Management L P increased its position in VeriSign by 46.4% during the 4th quarter. Gardner Lewis Asset Management L P now owns 19,353 shares of the information services provider’s stock worth $4,188,000 after purchasing an additional 6,132 shares in the last quarter. 89.46% of the stock is owned by institutional investors.
In other news, EVP Thomas C. Indelicarto sold 1,226 shares of the stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $200.00, for a total transaction of $245,200.00. Following the completion of the transaction, the executive vice president now directly owns 60,172 shares in the company, valued at approximately $12,034,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $219.63, for a total value of $134,633.19. Following the transaction, the executive vice president now owns 56,712 shares of the company’s stock, valued at $12,455,656.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,391 shares of company stock valued at $7,244,376. Company insiders own 1.27% of the company’s stock.
Shares of NASDAQ:VRSN opened at $220.97 on Friday. VeriSign, Inc. has a 52-week low of $184.60 and a 52-week high of $226.18. The firm has a 50 day moving average price of $215.76. The firm has a market capitalization of $24.89 billion, a P/E ratio of 40.03 and a beta of 0.81.
VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, April 22nd. The information services provider reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The company had revenue of $323.62 million during the quarter, compared to analysts’ expectations of $322.82 million. VeriSign had a negative return on equity of 45.21% and a net margin of 49.42%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Equities analysts predict that VeriSign, Inc. will post 5.35 EPS for the current fiscal year.
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.
Read More: What is Call Option Volume?
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: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.