Metis Global Partners LLC Grows Position in VeriSign, Inc. (NASDAQ:VRSN)

Metis Global Partners LLC grew its stake in VeriSign, Inc. (NASDAQ:VRSN) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,993 shares of the information services provider’s stock after purchasing an additional 336 shares during the period. Metis Global Partners LLC’s holdings in VeriSign were worth $1,138,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VRSN. Blue Trust Inc. raised its stake in shares of VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after buying an additional 131 shares during the period. UMB Bank n.a. raised its stake 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 worth $36,000 after buying an additional 109 shares during the period. Rothschild Investment LLC acquired a new position in shares of VeriSign during the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign during the 2nd quarter worth approximately $39,000. Finally, Concord Wealth Partners raised its stake in shares of VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of VRSN stock opened at $180.88 on Friday. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 21.03 and a beta of 0.91. The stock has a 50 day simple moving average of $183.91 and a 200-day simple moving average of $179.53. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data 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. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same period in the prior year, the company earned $1.83 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.

Insider Activity at VeriSign

In related news, 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 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 approximately $6,382,670. This represents a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is owned by corporate insiders.

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.