Empowered Funds LLC Has $1.56 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Empowered Funds LLC boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 20.5% in the third quarter, Holdings Channel reports. The firm owned 8,195 shares of the information services provider’s stock after acquiring an additional 1,392 shares during the period. Empowered Funds LLC’s holdings in VeriSign were worth $1,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its position in VeriSign by 0.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock worth $261,864,000 after acquiring an additional 11,606 shares during the last quarter. Liontrust Investment Partners LLP boosted its stake in VeriSign by 5.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock valued at $156,707,000 after purchasing an additional 48,344 shares during the period. Lazard Asset Management LLC grew its holdings in VeriSign by 6.7% in the 1st quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock valued at $150,376,000 after buying an additional 49,967 shares during the last quarter. AQR Capital Management LLC increased its position in VeriSign by 44.5% during the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after acquiring an additional 242,884 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of VeriSign by 2.6% during the 2nd quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after purchasing an additional 17,018 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Trading Up 1.9 %

Shares of VRSN stock opened at $184.91 on Friday. The company has a market capitalization of $17.77 billion, a P/E ratio of 21.50 and a beta of 0.91. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The stock has a 50 day moving average of $183.88 and a two-hundred day moving average of $179.85.

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

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.84% of the company’s stock.

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.