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 10th. The stock was sold at an average price of $307.99, for a total transaction of $1,016,367.00. Following the completion of the transaction, the chief executive officer owned 361,927 shares in the company, valued at approximately $111,469,896.73. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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, November 3rd, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $311.99, for a total transaction of $1,029,567.00.
- 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 transaction 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 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 stock was 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 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 shares were 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 shares were sold at an average price of $291.09, for a total value of $960,597.00.
VeriSign Price Performance
VeriSign stock opened at $312.48 on Friday. VeriSign, Inc. has a one year low of $208.86 and a one year high of $324.63. The stock has a market capitalization of $28.03 billion, a PE ratio of 33.56 and a beta of 0.66. The business's fifty day moving average is $299.82 and its 200 day moving average is $274.16.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued 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 period last year, the firm posted $2.27 EPS. VeriSign's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that VeriSign, Inc. will post 9.57 EPS for the current fiscal year.
VeriSign Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 17th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 17th. VeriSign's dividend payout ratio (DPR) is presently 34.84%.
Analysts Set New Price Targets
A number of analysts have recently commented on VRSN shares. Weiss Ratings upgraded shares of VeriSign from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, October 12th. Wedbush increased their price objective on shares of VeriSign from $351.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, October 26th. JPMorgan Chase & Co. raised their target price on shares of VeriSign from $308.00 to $316.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Robert W. Baird set a $380.00 target price on shares of VeriSign in a report on Friday, October 23rd. Finally, Zacks Research downgraded shares of VeriSign from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $352.00.
Check Out Our Latest Report on VRSN
Hedge Funds Weigh In On VeriSign
A number of institutional investors and hedge funds have recently made changes to their positions in VRSN. Fifth Third Bancorp boosted its stake in shares of VeriSign by 208.5% during the 1st quarter. Fifth Third Bancorp now owns 13,385 shares of the information services provider's stock worth $3,324,000 after acquiring an additional 9,046 shares during the last quarter. BlackRock Inc. bought a new stake in shares of VeriSign during the 2nd quarter valued at $2,116,154,000. Callan Family Office LLC bought a new stake in shares of VeriSign during the 2nd quarter valued at $944,000. Hsbc Holdings PLC grew its position in shares of VeriSign by 16.1% during the 1st quarter. Hsbc Holdings PLC now owns 237,966 shares of the information services provider's stock valued at $59,272,000 after acquiring an additional 33,064 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of VeriSign by 202.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,983 shares of the information services provider's stock worth $2,479,000 after purchasing an additional 6,685 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.
VeriSign Company Profile
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Get Free Report)
VeriSign, Inc. operates critical internet infrastructure, best known for managing the domain-name registries for .com and .net. It provides the systems that allow domain names in these extensions to be registered and resolved through the Domain Name System, working with registrars that serve businesses and individuals. The company also provides registry services for other domain extensions and supports the security and stability of the internet's naming infrastructure. Its services are used globally through a network of registrars and other internet service providers.
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