Distillate Capital Partners LLC Acquires New Position in VeriSign, Inc. (NASDAQ:VRSN)

Distillate Capital Partners LLC bought a new position in VeriSign, Inc. (NASDAQ:VRSN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 79,676 shares of the information services provider’s stock, valued at approximately $14,166,000. Distillate Capital Partners LLC owned approximately 0.08% of VeriSign at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRSN. ProShare Advisors LLC boosted its position in VeriSign by 0.3% during the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock valued at $4,077,000 after buying an additional 62 shares during the period. Larson Financial Group LLC increased its stake in VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock worth $329,000 after purchasing an additional 71 shares during the period. V Square Quantitative Management LLC lifted its position in VeriSign by 7.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,098 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 74 shares during the last quarter. Profund Advisors LLC boosted its position in VeriSign by 4.8% during the 2nd quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after buying an additional 82 shares during the period. Finally, Equitable Trust Co. raised its stake in shares of VeriSign by 1.2% during the first quarter. Equitable Trust Co. now owns 7,227 shares of the information services provider’s stock valued at $1,370,000 after acquiring an additional 87 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Price Performance

Shares of NASDAQ VRSN opened at $182.55 on Tuesday. The stock has a market cap of $18.18 billion, a P/E ratio of 22.43 and a beta of 0.90. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The firm has a 50-day moving average of $180.70 and a 200 day moving average of $180.18.

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

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at approximately $7,177,060. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRSN has been the topic of several research analyst reports. Robert W. Baird reissued a “neutral” rating and set a $200.00 target price on shares of VeriSign in a research note on Thursday, June 27th. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th.

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.