VeriSign, Inc. (NASDAQ:VRSN) CEO Sells $1,410,400.00 in Stock

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D James Bidzos sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $282.08, for a total value of $1,410,400.00. Following the sale, the chief executive officer directly owned 517,772 shares of the company's stock, valued at $146,053,125.76. This represents 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 shares were sold at an average price of $281.35, for a total value 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 value 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 value 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 value of $1,127,480.00.
• On Tuesday, June 17th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $283.67, for a total value 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 value of $558,560.00.
• On Tuesday, June 10th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $276.71, for a total value 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 value 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 VRSN stock traded up $0.74 on Monday, reaching $284.17. 475,381 shares of the company were exchanged, compared to its average volume of 753,908. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 34.74 and a beta of 0.78. The business has a 50-day moving average price of $280.89 and a 200 day moving average price of $252.72. VeriSign, Inc. has a 1 year low of $172.49 and a 1 year high of $291.54.

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

VeriSign Announces Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were given a $0.77 dividend. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's dividend payout ratio is presently 37.65%.

Institutional Investors Weigh In On VeriSign

Institutional investors have recently modified their holdings of the company. Livelsberger Financial Advisory acquired a new position in VeriSign in the second quarter valued at $27,000. Bruce G. Allen Investments LLC increased its stake in shares of VeriSign by 56.5% during the second quarter. Bruce G. Allen Investments LLC now owns 97 shares of the information services provider's stock worth $28,000 after acquiring an additional 35 shares during the period. Rakuten Securities Inc. increased its stake in shares of VeriSign by 13,000.0% during the first quarter. Rakuten Securities Inc. now owns 131 shares of the information services provider's stock worth $33,000 after acquiring an additional 130 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of VeriSign during the first quarter worth about $34,000. Finally, UMB Bank n.a. increased its stake in shares of VeriSign by 106.5% during the first quarter. UMB Bank n.a. now owns 159 shares of the information services provider's stock worth $40,000 after acquiring an additional 82 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VRSN has been the subject of a number of recent analyst reports. Citigroup restated a "buy" rating on shares of VeriSign in a report on Tuesday, July 8th. Wall Street Zen raised shares of VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Finally, Robert W. Baird increased their price target on VeriSign from $285.00 to $305.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st.

About VeriSign

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.