VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) EVP Thomas C. Indelicarto sold 613 shares of VeriSign stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $218.54, for a total value of $133,965.02. Following the completion of the transaction, the executive vice president now owns 37,268 shares in the company, valued at approximately $8,144,548.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

VeriSign Stock Down 0.6 %

Shares of VRSN stock traded down $1.20 during mid-day trading on Wednesday, reaching $215.98. 395,463 shares of the stock traded hands, compared to its average volume of 509,764. The stock’s fifty day simple moving average is $207.49 and its two-hundred day simple moving average is $211.09. VeriSign, Inc. has a 1-year low of $188.44 and a 1-year high of $229.72. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 30.76 and a beta of 0.92.

VeriSign (NASDAQ:VRSN – Get Free Report) last posted its earnings results on Thursday, October 26th. The information services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. VeriSign had a net margin of 49.38% and a negative return on equity of 45.68%. The business had revenue of $376.30 million for the quarter, compared to the consensus estimate of $378.31 million. During the same period last year, the company earned $1.58 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that VeriSign, Inc. will post 7.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VRSN. Resurgent Financial Advisors LLC bought a new position in shares of VeriSign during the fourth quarter worth about $25,000. West Tower Group LLC acquired a new stake in VeriSign during the 2nd quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC raised its holdings in VeriSign by 52.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in shares of VeriSign by 2,628.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 191 shares of the information services provider’s stock worth $32,000 after purchasing an additional 184 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in shares of VeriSign in the 4th quarter valued at $36,000. 90.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a research note on Monday, November 6th.

Read Our Latest Stock Analysis on VRSN

About VeriSign (Get Free Report)

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 the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

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Original: MarketBeat News Feed: Thomas C. Indelicarto Sells 613 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock