Larson Financial Group LLC Has $146,000 Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Larson Financial Group LLC boosted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 100.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 711 shares of the information services provider’s stock after purchasing an additional 356 shares during the period. Larson Financial Group LLC’s holdings in VeriSign were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Duality Advisers LP boosted its position in VeriSign by 142.0% during the fourth quarter. Duality Advisers LP now owns 29,874 shares of the information services provider’s stock valued at $6,153,000 after purchasing an additional 17,529 shares during the last quarter. Handelsbanken Fonder AB boosted its position in VeriSign by 142.7% during the fourth quarter. Handelsbanken Fonder AB now owns 45,707 shares of the information services provider’s stock valued at $9,414,000 after purchasing an additional 26,872 shares during the last quarter. CWM LLC lifted its position in shares of VeriSign by 2.1% in the fourth quarter. CWM LLC now owns 2,960 shares of the information services provider’s stock worth $610,000 after buying an additional 60 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of VeriSign by 17.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,042 shares of the information services provider’s stock worth $2,068,000 after buying an additional 1,471 shares during the last quarter. Finally, abrdn plc lifted its position in shares of VeriSign by 35.3% in the fourth quarter. abrdn plc now owns 46,085 shares of the information services provider’s stock worth $9,492,000 after buying an additional 12,029 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 613 shares of VeriSign stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $195.33, for a total value of $119,737.29. Following the transaction, the executive vice president now directly owns 43,143 shares in the company, valued at $8,427,122.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Thomas C. Indelicarto sold 614 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $190.00, for a total transaction of $116,660.00. Following the transaction, the executive vice president now directly owns 41,955 shares in the company, valued at $7,971,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $195.33, for a total value of $119,737.29. Following the transaction, the executive vice president now owns 43,143 shares in the company, valued at $8,427,122.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,877 shares of company stock worth $2,878,864. Company insiders own 0.94% of the company’s stock.

VeriSign Stock Performance

VeriSign stock opened at $185.55 on Thursday. The business’s 50-day simple moving average is $189.96 and its 200-day simple moving average is $200.37. The firm has a market capitalization of $18.58 billion, a PE ratio of 23.43 and a beta of 0.88. VeriSign, Inc. has a 52 week low of $181.01 and a 52 week high of $229.72.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, February 8th. The information services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.09. The business had revenue of $380.40 million for the quarter, compared to analyst estimates of $381.01 million. VeriSign had a negative return on equity of 46.56% and a net margin of 54.74%. Research analysts forecast that VeriSign, Inc. will post 7.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VRSN shares. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup reduced their price target on VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd.

About VeriSign

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.