VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of VeriSign stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $303.67, for a total value of $1,002,111.00. Following the sale, the chief executive officer directly owned 368,527 shares in the company, valued at $111,910,594.09. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D James Bidzos also recently made the following trade(s):
- On Tuesday, October 20th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $306.30, for a total value of $1,010,790.00.
- On Tuesday, October 13th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $302.85, for a total value of $999,405.00.
- On Tuesday, October 6th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $292.33, for a total transaction of $964,689.00.
- On Tuesday, September 29th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $278.78, for a total transaction of $919,974.00.
- On Tuesday, September 22nd, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $304.74, for a total transaction of $1,005,642.00.
- On Tuesday, September 15th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $296.58, for a total transaction of $978,714.00.
- On Tuesday, September 8th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $284.40, for a total transaction of $938,520.00.
- On Tuesday, September 1st, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $291.09, for a total transaction of $960,597.00.
- On Tuesday, August 25th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $291.16, for a total transaction of $960,828.00.
- On Tuesday, August 18th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $277.85, for a total transaction of $916,905.00.
VeriSign Stock Performance
VRSN opened at $307.01 on Thursday. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 33.01 and a beta of 0.69. The company has a fifty day moving average of $294.71 and a 200 day moving average of $270.80. VeriSign, Inc. has a fifty-two week low of $208.86 and a fifty-two week high of $312.48.
VeriSign (NASDAQ:VRSN – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The information services provider reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.11). The company had revenue of $443.00 million during the quarter, compared to the consensus estimate of $440.58 million. VeriSign had a net margin of 49.06% and a negative return on equity of 38.40%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. On average, equities research analysts forecast that VeriSign, Inc. will post 9.56 earnings per share for the current year.
VeriSign Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, November 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.1%. VeriSign’s dividend payout ratio (DPR) is presently 34.84%.
Hedge Funds Weigh In On VeriSign
Several institutional investors have recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new position in VeriSign during the third quarter worth $27,000. Addison Advisors LLC bought a new position in VeriSign during the second quarter valued at $30,000. PenderFund Capital Management Ltd. bought a new position in VeriSign during the second quarter valued at $40,000. NewEdge Advisors LLC raised its stake in shares of VeriSign by 40.5% in the second quarter. NewEdge Advisors LLC now owns 243 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 70 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in shares of VeriSign in the first quarter valued at $64,000. Institutional investors own 92.90% of the company’s stock.
Analysts Set New Price Targets
VRSN has been the topic of a number of research analyst reports. Robert W. Baird set a $380.00 target price on VeriSign in a research report on Friday, October 23rd. Weiss Ratings raised VeriSign from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 12th. Zacks Research cut VeriSign from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Citigroup raised their price target on VeriSign from $325.00 to $345.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, Wedbush lifted their price objective on VeriSign from $351.00 to $367.00 and gave the stock an “outperform” rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, VeriSign currently has an average rating of “Moderate Buy” and an average price target of $352.00.
View Our Latest Stock Analysis on VeriSign
About VeriSign
VeriSign, Inc (NASDAQ: VRSN) provides internet infrastructure services that support the global domain name system. The company operates the authoritative registry for the .com and .net top-level domains and provides registry services for certain other domains, helping maintain the databases that connect domain names with internet addresses.
The company’s services include domain name registry operations, domain name registration-related support for accredited registrars, and infrastructure designed to improve the availability, stability, and security of internet naming services.
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