Townsquare Capital LLC Boosts Stake in VeriSign, Inc. (NASDAQ:VRSN)

Townsquare Capital LLC grew its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,799 shares of the information services provider’s stock after buying an additional 844 shares during the quarter. Townsquare Capital LLC’s holdings in VeriSign were worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of VRSN. Blue Trust Inc. grew its position in VeriSign by 291.1% during the second 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 period. UMB Bank n.a. grew its position in shares of VeriSign by 117.2% during the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares during the period. Rothschild Investment LLC purchased a new stake in shares of VeriSign during the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VeriSign in the 2nd quarter worth approximately $39,000. Finally, Concord Wealth Partners lifted its stake in VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.84% of the company’s stock.

VeriSign Price Performance

NASDAQ:VRSN opened at $192.49 on Tuesday. The company has a market capitalization of $18.50 billion, a P/E ratio of 22.38 and a beta of 0.92. The business has a fifty day simple moving average of $184.62 and a two-hundred day simple moving average of $180.85. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91.

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

VeriSign Company 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.