VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D. Bidzos sold 3,300 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $311.99, for a total value of $1,029,567.00. Following the completion of the transaction, the chief executive officer directly owned 365,227 shares in the company, valued at $113,947,171.73. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 27th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $303.67, for a total value of $1,002,111.00.
- 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 stock was 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 shares were 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.
VeriSign Stock Performance
VRSN opened at $318.03 on Thursday. The stock has a market capitalization of $28.53 billion, a P/E ratio of 34.20 and a beta of 0.66. The company's 50-day simple moving average is $297.46 and its two-hundred day simple moving average is $272.36. VeriSign, Inc. has a 52-week low of $208.86 and a 52-week high of $324.20.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced 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). VeriSign had a negative return on equity of 38.40% and a net margin of 49.06%. The company had revenue of $443.00 million during the quarter, compared to the consensus estimate of $440.58 million. During the same quarter in the prior year, the firm earned $2.27 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. Research analysts forecast that VeriSign, Inc. will post 9.57 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. Investors of record on Tuesday, November 17th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $3.24 annualized dividend and a yield of 1.0%. VeriSign's dividend payout ratio (DPR) is currently 34.84%.
Hedge Funds Weigh In On VeriSign
A number of institutional investors and hedge funds have recently made changes to their positions in VRSN. Lido Advisors LLC increased its holdings in VeriSign by 18.6% during the third quarter. Lido Advisors LLC now owns 3,849 shares of the information services provider's stock valued at $1,086,000 after buying an additional 603 shares during the last quarter. Keybank National Association OH purchased a new position in shares of VeriSign during the 3rd quarter worth $221,000. AlphaCore Capital LLC boosted its stake in shares of VeriSign by 26.8% during the 3rd quarter. AlphaCore Capital LLC now owns 4,323 shares of the information services provider's stock worth $1,219,000 after acquiring an additional 913 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of VeriSign by 44.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,705 shares of the information services provider's stock valued at $2,497,000 after acquiring an additional 2,699 shares during the period. Finally, Ethic Inc. grew its position in shares of VeriSign by 5.3% during the 3rd quarter. Ethic Inc. now owns 17,807 shares of the information services provider's stock valued at $5,022,000 after acquiring an additional 903 shares during the period. Hedge funds and other institutional investors own 92.90% of the company's stock.
Analysts Set New Price Targets
VRSN has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of VeriSign from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. raised their price target on VeriSign from $308.00 to $316.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Robert W. Baird set a $380.00 price objective on VeriSign in a report on Friday, October 23rd. Zacks Research lowered VeriSign from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 23rd. Finally, Weiss Ratings upgraded VeriSign from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $352.00.
Check Out Our Latest Stock Report on VRSN
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.
Further Reading
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