Mackenzie Financial Corp Buys 422,676 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mackenzie Financial Corp increased its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 836.8% during the second quarter, HoldingsChannel.com reports. The fund owned 473,187 shares of the information services provider’s stock after purchasing an additional 422,676 shares during the period. Mackenzie Financial Corp’s holdings in VeriSign were worth $84,133,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VRSN. Blue Trust Inc. grew its stake 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 last quarter. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 109 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign in the second quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign in the second quarter worth about $39,000. Finally, Versant Capital Management Inc lifted its position in shares of VeriSign by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock worth $58,000 after purchasing an additional 117 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

VeriSign Stock Up 2.4 %

VeriSign stock opened at $190.64 on Friday. The business has a 50 day moving average price of $181.02 and a two-hundred day moving average price of $180.19. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 23.42 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The business had revenue of $387.10 million during the quarter, compared to analyst estimates of $385.80 million. During the same period in the prior year, the company posted $1.79 earnings per share. VeriSign’s revenue was up 4.1% on a year-over-year basis.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “neutral” rating and issued a $200.00 price objective on shares of VeriSign in a research report on Thursday, June 27th. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a report on Sunday, June 16th.

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.