VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D. Bidzos sold 3,300 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $303.67, for a total transaction of $1,002,111.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $1,010,790.00.
- On Tuesday, October 13th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were 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 shares were 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 value 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 value 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 value 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 value of $916,905.00.
VeriSign Stock Up 1.0%
VRSN opened at $307.01 on Thursday. The business has a fifty day moving average of $294.71 and a 200 day moving average of $270.80. The stock has a market cap of $27.54 billion, a P/E ratio of 33.01 and a beta of 0.69. VeriSign, Inc. has a 52-week low of $208.86 and a 52-week high of $312.48.
VeriSign (NASDAQ:VRSN - Get Free Report) last released its earnings results on Thursday, October 22nd. The information services provider reported $2.35 earnings per share for the quarter, missing analysts' consensus estimates of $2.46 by ($0.11). VeriSign had a negative return on equity of 38.40% and a net margin of 49.06%. The business had revenue of $443.00 million during the quarter, compared to analysts' expectations of $440.58 million. During the same quarter in the previous year, the business earned $2.27 EPS. The business's revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts anticipate that VeriSign, Inc. will post 9.56 EPS for the current fiscal year.
VeriSign Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 17th. VeriSign's payout ratio is currently 34.84%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on VRSN shares. Zacks Research downgraded shares of VeriSign from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 23rd. Weiss Ratings upgraded shares of VeriSign from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, October 12th. Wedbush lifted their price objective on shares of VeriSign from $351.00 to $367.00 and gave the company an "outperform" rating in a report on Monday. Citigroup boosted their price objective on shares of VeriSign from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of VeriSign from $308.00 to $316.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $352.00.
Get Our Latest Research Report on VeriSign
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Groupe la Francaise raised its position in VeriSign by 2.8% during the 1st quarter. Groupe la Francaise now owns 1,413 shares of the information services provider's stock valued at $351,000 after purchasing an additional 39 shares in the last quarter. Waverly Advisors LLC grew its position in shares of VeriSign by 2.1% during the 1st quarter. Waverly Advisors LLC now owns 2,069 shares of the information services provider's stock worth $514,000 after buying an additional 42 shares in the last quarter. Strive Financial Group LLC grew its position in shares of VeriSign by 4.3% during the 2nd quarter. Strive Financial Group LLC now owns 1,009 shares of the information services provider's stock worth $254,000 after buying an additional 42 shares in the last quarter. AlphaCentric Advisors LLC grew its position in shares of VeriSign by 6.1% during the 1st quarter. AlphaCentric Advisors LLC now owns 802 shares of the information services provider's stock worth $199,000 after buying an additional 46 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC increased its stake in shares of VeriSign by 19.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 295 shares of the information services provider's stock valued at $73,000 after buying an additional 47 shares during the period. Institutional investors own 92.90% of the company's stock.
VeriSign Company Profile
(
Get Free Report)
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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