VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) EVP Thomas C. Indelicarto sold 614 shares of the business's stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the completion of the sale, the executive vice president now directly owns 41,955 shares of the company's stock, valued at $7,971,450. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
VeriSign Stock Performance
NASDAQ:VRSN opened at $185.43 on Friday. VeriSign, Inc. has a one year low of $185.19 and a one year high of $229.72. The firm has a market cap of $18.57 billion, a P/E ratio of 23.41 and a beta of 0.88. The firm has a 50-day simple moving average of $192.22 and a 200-day simple moving average of $201.46.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The information services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.83 by $0.09. VeriSign had a net margin of 54.74% and a negative return on equity of 46.56%. The business had revenue of $380.40 million during the quarter, compared to analyst estimates of $381.01 million. On average, research analysts predict that VeriSign, Inc. will post 7.82 EPS for the current fiscal year.
Analyst Ratings Changes
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Several research firms have issued reports on VRSN. Citigroup lowered their price objective on shares of VeriSign from $237.00 to $236.00 and set a "buy" rating for the company in a research report on Tuesday, April 2nd. StockNews.com cut shares of VeriSign from a "buy" rating to a "hold" rating in a research report on Wednesday, April 3rd.
View Our Latest Analysis on VRSN
Institutional Investors Weigh In On VeriSign
Large investors have recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of VeriSign by 22.9% during the 1st quarter. American Century Companies Inc. now owns 2,956 shares of the information services provider's stock worth $657,000 after acquiring an additional 551 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of VeriSign by 10.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,425 shares of the information services provider's stock worth $317,000 after acquiring an additional 134 shares in the last quarter. Synovus Financial Corp bought a new position in shares of VeriSign during the 1st quarter worth approximately $767,000. Sei Investments Co. raised its stake in shares of VeriSign by 15.4% during the 1st quarter. Sei Investments Co. now owns 12,329 shares of the information services provider's stock worth $2,725,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of VeriSign by 14.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 35,029 shares of the information services provider's stock worth $7,793,000 after acquiring an additional 4,545 shares in the last quarter. Institutional investors own 92.90% of the company's stock.
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 thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
Further Reading
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