VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $303.67, for a total value of $1,002,111.00. Following the transaction, the chief executive officer owned 368,527 shares of the company’s stock, valued at approximately $111,910,594.09. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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 value of $919,974.00.
- On Tuesday, September 22nd, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $304.74, for a total value 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 value 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 shares were 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 shares were 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 Price Performance
Shares of VeriSign stock opened at $305.95 on Friday. VeriSign, Inc. has a 1 year low of $208.86 and a 1 year high of $312.48. The firm has a market cap of $27.44 billion, a PE ratio of 32.90 and a beta of 0.69. The company has a 50 day simple moving average of $295.37 and a two-hundred day simple moving average of $271.09.
VeriSign (NASDAQ:VRSN – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The information services provider reported $2.35 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 negative return on equity of 38.40% and a net margin of 49.06%. VeriSign’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 EPS. As a group, research analysts anticipate that VeriSign, Inc. will post 9.53 earnings per share for the current year.
VeriSign Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 17th will be given a $0.81 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $3.24 annualized dividend and a yield of 1.1%. VeriSign’s payout ratio is 34.84%.
Institutional Investors Weigh In On VeriSign
A number of hedge funds have recently made changes to their positions in the business. Livelsberger Financial Advisory bought a new position in shares of VeriSign during the 3rd quarter valued at $27,000. Addison Advisors LLC purchased a new position in VeriSign in the 2nd quarter worth $30,000. PenderFund Capital Management Ltd. bought a new stake in VeriSign in the second quarter worth $40,000. NewEdge Advisors LLC lifted its stake in VeriSign by 40.5% in the second quarter. NewEdge Advisors LLC now owns 243 shares of the information services provider’s stock worth $61,000 after purchasing an additional 70 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in VeriSign in the first quarter worth $64,000. 92.90% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Robert W. Baird set a $380.00 target price on VeriSign in a research note on Friday, October 23rd. Citigroup lifted their price target on VeriSign from $325.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Weiss Ratings upgraded VeriSign from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 12th. Wedbush upped their price objective on VeriSign from $351.00 to $367.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on VeriSign from $308.00 to $316.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $352.00.
Get Our Latest Analysis on VRSN
VeriSign Company Profile
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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