3,500 Shares in VeriSign, Inc. (NASDAQ:VRSN) Bought by Ibex Investors LLC

Ibex Investors LLC purchased a new position in VeriSign, Inc. (NASDAQ:VRSN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,500 shares of the information services provider’s stock, valued at approximately $622,000. VeriSign comprises 0.6% of Ibex Investors LLC’s investment portfolio, making the stock its 8th largest position.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. increased its position in VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. Rothschild Investment LLC bought a new stake in VeriSign in the second quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VeriSign in the second quarter worth $39,000. Finally, Versant Capital Management Inc increased its position in VeriSign by 55.7% during the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 2.0 %

VRSN stock opened at $179.27 on Thursday. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 22.02 and a beta of 0.90. The firm’s fifty day simple moving average is $180.37 and its two-hundred day simple moving average is $180.47.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The firm had revenue of $387.10 million for the quarter, compared to analysts’ expectations of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.79 earnings per share.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRSN. Robert W. Baird reiterated a “neutral” rating and set a $200.00 price objective on shares of VeriSign in a research report on Thursday, June 27th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares in the company, valued at $7,177,060. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

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.