1,057 Shares in VeriSign, Inc. (NASDAQ:VRSN) Acquired by Keystone Financial Services

Keystone Financial Services acquired a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 1,057 shares of the information services provider’s stock, valued at approximately $201,000.

Several other large investors have also recently modified their holdings of the company. Versor Investments LP raised its stake in shares of VeriSign by 453.0% during the 3rd quarter. Versor Investments LP now owns 9,401 shares of the information services provider’s stock worth $1,786,000 after acquiring an additional 7,701 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in VeriSign by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 428,647 shares of the information services provider’s stock valued at $81,426,000 after purchasing an additional 46,677 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in VeriSign by 106.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 184,387 shares of the information services provider’s stock valued at $35,026,000 after purchasing an additional 94,917 shares in the last quarter. Asset Management Advisors LLC increased its stake in VeriSign by 0.5% during the 3rd quarter. Asset Management Advisors LLC now owns 28,670 shares of the information services provider’s stock valued at $5,446,000 after purchasing an additional 150 shares in the last quarter. Finally, Oxbow Advisors LLC acquired a new position in VeriSign during the 3rd quarter valued at approximately $2,675,000. Institutional investors own 92.90% of the company’s stock.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

VeriSign Trading Up 0.8 %

Shares of VeriSign stock opened at $185.10 on Tuesday. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 21.52 and a beta of 0.91. The firm’s 50 day simple moving average is $183.90 and its two-hundred day simple moving average is $179.34.

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

About VeriSign

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.