D James Bidzos Sells 5,000 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D James Bidzos sold 5,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $282.08, for a total transaction of $1,410,400.00. Following the completion of the sale, the chief executive officer directly owned 517,772 shares in the company, valued at approximately $146,053,125.76. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

D James Bidzos also recently made the following trade(s):

• On Wednesday, July 16th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $281.35, for a total transaction of $562,700.00.
• On Wednesday, July 9th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $289.29, for a total transaction of $578,580.00.
• On Tuesday, July 8th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $284.82, for a total transaction of $1,424,100.00.
• On Wednesday, June 18th, D James Bidzos sold 4,000 shares of VeriSign stock. The shares were sold at an average price of $281.87, for a total transaction of $1,127,480.00.
• On Tuesday, June 17th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $283.67, for a total transaction of $1,418,350.00.
• On Wednesday, June 11th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $279.28, for a total transaction of $558,560.00.
• On Tuesday, June 10th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $276.71, for a total transaction of $1,383,550.00.
• On Wednesday, May 21st, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $280.66, for a total transaction of $561,320.00.
• On Tuesday, May 20th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $280.40, for a total transaction of $1,402,000.00.

VeriSign Stock Performance

Shares of NASDAQ VRSN traded down $2.41 during mid-day trading on Thursday, hitting $280.86. The stock had a trading volume of 499,780 shares, compared to its average volume of 756,662. VeriSign, Inc. has a 1 year low of $172.49 and a 1 year high of $291.54. The business has a 50 day moving average price of $280.94 and a two-hundred day moving average price of $251.02. The firm has a market cap of $26.37 billion, a P/E ratio of 34.33 and a beta of 0.78.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 earnings per share for the quarter, meeting the consensus estimate of $2.10. The business had revenue of $402.30 million for the quarter, compared to analysts' expectations of $400.44 million. VeriSign had a net margin of 50.23% and a negative return on equity of 41.37%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 earnings per share.

VeriSign Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were issued a $0.77 dividend. The ex-dividend date was Monday, May 19th. VeriSign's dividend payout ratio (DPR) is currently 37.65%.

Institutional Trading of VeriSign

Several large investors have recently added to or reduced their stakes in VRSN. Livelsberger Financial Advisory bought a new stake in VeriSign in the second quarter valued at $27,000. Bruce G. Allen Investments LLC boosted its holdings in shares of VeriSign by 56.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 97 shares of the information services provider's stock valued at $28,000 after buying an additional 35 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of VeriSign by 13,000.0% during the 1st quarter. Rakuten Securities Inc. now owns 131 shares of the information services provider's stock valued at $33,000 after buying an additional 130 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of VeriSign during the 1st quarter valued at $34,000. Finally, UMB Bank n.a. boosted its holdings in shares of VeriSign by 106.5% during the 1st quarter. UMB Bank n.a. now owns 159 shares of the information services provider's stock valued at $40,000 after buying an additional 82 shares in the last quarter. Institutional investors own 92.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VRSN shares. Wall Street Zen raised shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Robert W. Baird lifted their target price on shares of VeriSign from $285.00 to $305.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of VeriSign in a research note on Tuesday, July 8th.

VeriSign Company Profile

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.

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