VeriSign, Inc. (NASDAQ:VRSN) CEO D James Bidzos Sells 2,000 Shares

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D James Bidzos sold 2,000 shares of VeriSign stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $279.28, for a total value of $558,560.00. Following the completion of the transaction, the chief executive officer now owns 542,772 shares of the company's stock, valued at approximately $151,585,364.16. This represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $280.40, for a total transaction of $1,402,000.00.

VeriSign Price Performance

NASDAQ:VRSN traded down $1.91 during mid-day trading on Friday, hitting $279.90. The company's stock had a trading volume of 427,324 shares, compared to its average volume of 760,667. VeriSign, Inc. has a 1 year low of $172.49 and a 1 year high of $288.95. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 34.99 and a beta of 0.77. The business's fifty day moving average is $269.77 and its two-hundred day moving average is $237.32.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted 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. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The business 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 posted $1.92 EPS. The business's revenue for the quarter was up 4.7% on a year-over-year basis.

VeriSign Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's payout ratio is currently 37.65%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VRSN. 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 boosted their price objective on shares of VeriSign from $275.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th.

Hedge Funds Weigh In On VeriSign

A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in shares of VeriSign by 11.8% in the fourth quarter. Empowered Funds LLC now owns 9,160 shares of the information services provider's stock valued at $1,896,000 after acquiring an additional 965 shares in the last quarter. Principle Wealth Partners LLC purchased a new stake in VeriSign during the 4th quarter worth about $216,000. Allspring Global Investments Holdings LLC boosted its position in shares of VeriSign by 322.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider's stock worth $53,639,000 after acquiring an additional 199,583 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of VeriSign during the 4th quarter worth about $141,129,000. Finally, Avestar Capital LLC acquired a new position in shares of VeriSign during the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 92.90% of the company's stock.

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.