VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. increased its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,361 shares of the information services provider’s stock after acquiring an additional 2,008 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.07% of VeriSign worth $12,226,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of VeriSign in the first quarter worth $223,000. Sei Investments Co. increased its holdings in shares of VeriSign by 133.6% during the first quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock valued at $7,052,000 after purchasing an additional 21,285 shares during the period. Acadian Asset Management LLC increased its stake in shares of VeriSign by 7,443.1% during the first quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock valued at $5,673,000 after acquiring an additional 29,549 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of VeriSign by 44.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 16,016 shares of the information services provider’s stock worth $3,035,000 after buying an additional 4,904 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in VeriSign by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,284 shares of the information services provider’s stock worth $20,915,000 after acquiring an additional 1,472 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

Shares of NASDAQ:VRSN traded down $0.55 during trading hours on Monday, hitting $180.33. 72,001 shares of the company’s stock traded hands, compared to its average volume of 660,418. The company’s fifty day simple moving average is $183.91 and its two-hundred day simple moving average is $179.66. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 21.03 and a beta of 0.91.

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

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign 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 sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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.