VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D James Bidzos sold 4,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $281.87, for a total transaction of $1,127,480.00. Following the transaction, the chief executive officer now directly owns 531,772 shares in the company, valued at approximately $149,890,573.64. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
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 stock was 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 stock was 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 Trading Down 0.2%
VeriSign stock traded down $0.43 during trading hours on Friday, reaching $280.73. 1,026,545 shares of the stock were exchanged, compared to its average volume of 759,494. The company has a market cap of $26.36 billion, a P/E ratio of 34.32 and a beta of 0.77. VeriSign, Inc. has a twelve month low of $172.49 and a twelve month high of $288.95. The stock has a 50 day moving average of $272.97 and a two-hundred day moving average of $239.52.
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, hitting analysts' consensus estimates of $2.10. The firm had revenue of $402.30 million for the quarter, compared to the consensus estimate of $400.44 million. VeriSign had a net margin of 50.23% and a negative return on equity of 41.37%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share.
VeriSign Announces Dividend
The business also recently declared a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a $0.77 dividend. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's payout ratio is currently 37.65%.
Institutional Investors Weigh In On VeriSign
Hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new stake in shares of VeriSign in the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its stake in shares of VeriSign by 13,000.0% in the 1st quarter. Rakuten Securities Inc. now owns 131 shares of the information services provider's stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of VeriSign in the 1st quarter valued at approximately $34,000. UMB Bank n.a. boosted its stake in shares of VeriSign by 106.5% in the 1st quarter. UMB Bank n.a. now owns 159 shares of the information services provider's stock valued at $40,000 after purchasing an additional 82 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of VeriSign in the 1st quarter valued at approximately $42,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on VRSN shares. Robert W. Baird raised their price target on shares of VeriSign from $275.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen upgraded shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th.
View Our Latest Analysis on VeriSign
VeriSign Company Profile
(
Get Free Report)
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.
See Also
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