VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in VeriSign, Inc. (NASDAQ:VRSN) by 41.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,245 shares of the information services provider’s stock after selling 4,368 shares during the period. Cornercap Investment Counsel Inc.’s holdings in VeriSign were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Troy Asset Management Ltd acquired a new position in VeriSign in the 2nd quarter worth about $109,040,000. Mackenzie Financial Corp boosted its stake in VeriSign by 836.8% during the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock worth $84,133,000 after purchasing an additional 422,676 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in VeriSign in the 2nd quarter valued at $67,914,000. Canoe Financial LP purchased a new position in VeriSign during the third quarter worth about $46,455,000. Finally, AQR Capital Management LLC grew its position in VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after acquiring an additional 242,884 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

VeriSign Stock Performance

Shares of VRSN opened at $184.36 on Friday. The stock has a market capitalization of $17.72 billion, a PE ratio of 21.44 and a beta of 0.91. The company’s 50-day simple moving average is $183.91 and its 200-day simple moving average is $179.45. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91.

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

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.