VeriSign, Inc. (NASDAQ:VRSN) CEO D James Bidzos Sells 4,000 Shares

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D James Bidzos sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $281.87, for a total value of $1,127,480.00. Following the transaction, the chief executive officer now owns 531,772 shares in the company, valued at $149,890,573.64. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 value of $1,418,350.00.
• On Wednesday, June 11th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was 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 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 shares were 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 Trading Up 0.8%

Shares of NASDAQ:VRSN traded up $2.16 during midday trading on Monday, hitting $282.89. 651,675 shares of the stock were exchanged, compared to its average volume of 757,577. VeriSign, Inc. has a twelve month low of $172.49 and a twelve month high of $288.95. The company has a 50 day moving average price of $273.64 and a 200-day moving average price of $240.89. The stock has a market cap of $26.56 billion, a P/E ratio of 34.58 and a beta of 0.77.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 previous year, the business posted $1.92 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year.

VeriSign Dividend Announcement

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

Analyst Upgrades and Downgrades

VRSN has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of VeriSign from $275.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Wall Street Zen upgraded VeriSign from a "hold" rating to a "buy" rating in a report on Saturday, April 12th.

Institutional Trading of VeriSign

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRSN. Whipplewood Advisors LLC acquired a new stake in shares of VeriSign during the 4th quarter worth about $26,000. Rakuten Securities Inc. boosted its position in 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in VeriSign in the 1st quarter worth approximately $34,000. Venturi Wealth Management LLC raised its holdings in VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock valued at $38,000 after acquiring an additional 103 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in 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 buying an additional 82 shares during the period. Hedge funds and other institutional investors own 92.90% of the company's stock.

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.