D James Bidzos Sells 2,000 Shares of VeriSign (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSNGet Free Report) CEO D James Bidzos sold 2,000 shares of VeriSign stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $248.28, for a total value of $496,560.00. Following the completion of the transaction, the chief executive officer owned 414,099 shares of the company’s stock, valued at $102,812,499.72. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

D James Bidzos also recently made the following trade(s):

  • On Tuesday, January 13th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $248.20, for a total transaction of $1,241,000.00.
  • On Wednesday, December 17th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $244.25, for a total transaction of $488,500.00.
  • On Tuesday, December 16th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $241.79, for a total transaction of $1,208,950.00.
  • On Wednesday, December 10th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $242.07, for a total transaction of $484,140.00.
  • On Tuesday, December 9th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $244.59, for a total transaction of $1,222,950.00.
  • On Wednesday, November 19th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $246.05, for a total transaction of $492,100.00.
  • On Tuesday, November 18th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $250.05, for a total transaction of $1,250,250.00.
  • On Wednesday, November 12th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $251.27, for a total value of $502,540.00.
  • On Tuesday, November 11th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $248.14, for a total value of $1,240,700.00.
  • On Wednesday, October 22nd, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $261.54, for a total value of $523,080.00.

VeriSign Price Performance

Shares of VRSN traded down $0.09 during mid-day trading on Thursday, reaching $249.22. The company’s stock had a trading volume of 540,222 shares, compared to its average volume of 568,902. VeriSign, Inc. has a 12-month low of $205.37 and a 12-month high of $310.60. The stock has a market cap of $23.10 billion, a PE ratio of 29.05 and a beta of 0.77. The company’s 50 day moving average is $247.13 and its 200 day moving average is $263.89.

VeriSign (NASDAQ:VRSNGet Free Report) last posted its earnings results on Thursday, October 23rd. The information services provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.02. The firm had revenue of $419.10 million during the quarter, compared to analysts’ expectations of $416.71 million. VeriSign had a negative return on equity of 40.66% and a net margin of 49.86%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.07 earnings per share.

VeriSign Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th were issued a $0.77 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $3.08 annualized dividend and a dividend yield of 1.2%. VeriSign’s dividend payout ratio is presently 35.90%.

Analysts Set New Price Targets

VRSN has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of VeriSign from $270.00 to $271.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Citigroup reiterated a “buy” rating on shares of VeriSign in a research report on Friday, October 24th. Robert W. Baird set a $325.00 target price on VeriSign in a research report on Friday, October 24th. Zacks Research downgraded VeriSign from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of VeriSign in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $282.00.

View Our Latest Stock Analysis on VRSN

Hedge Funds Weigh In On VeriSign

Several institutional investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its position in VeriSign by 56.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 97 shares of the information services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Salomon & Ludwin LLC raised its stake in shares of VeriSign by 112.5% during the third quarter. Salomon & Ludwin LLC now owns 102 shares of the information services provider’s stock worth $28,000 after purchasing an additional 54 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of VeriSign during the third quarter worth approximately $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of VeriSign during the second quarter worth $34,000. Finally, Bayforest Capital Ltd purchased a new position in VeriSign in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

About VeriSign

(Get Free Report)

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.

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