VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto Sells 501 Shares

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) EVP Thomas C. Indelicarto sold 501 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $275.44, for a total value of $137,995.44. Following the sale, the executive vice president now directly owns 39,272 shares in the company, valued at $10,817,079.68. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

VeriSign Stock Up 2.1%

VeriSign stock traded up $5.77 during trading hours on Friday, hitting $283.66. 239,822 shares of the company traded hands, compared to its average volume of 755,009. The firm's 50-day simple moving average is $265.60 and its two-hundred day simple moving average is $232.92. The firm has a market cap of $26.64 billion, a P/E ratio of 35.41 and a beta of 0.80. VeriSign, Inc. has a 1-year low of $172.49 and a 1-year high of $288.95.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, hitting the consensus estimate of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The firm had revenue of $402.30 million for the quarter, compared to the consensus estimate of $400.44 million. During the same period in the prior year, the business posted $1.92 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis.

VeriSign Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend payout ratio is 37.65%.

Analysts Set New Price Targets

VRSN has been the subject of a number of analyst reports. Robert W. Baird upped their price objective 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 raised VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th.

Institutional Trading of VeriSign

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in VeriSign in the fourth quarter valued at about $222,840,000. AQR Capital Management LLC raised its holdings in VeriSign by 75.5% in the 1st quarter. AQR Capital Management LLC now owns 2,329,640 shares of the information services provider's stock valued at $586,417,000 after buying an additional 1,002,510 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of VeriSign by 34,326.0% during the first quarter. GAMMA Investing LLC now owns 697,127 shares of the information services provider's stock worth $176,980,000 after purchasing an additional 695,102 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of VeriSign in the fourth quarter valued at about $141,129,000. Finally, Alliancebernstein L.P. lifted its stake in shares of VeriSign by 477.1% in the 1st quarter. Alliancebernstein L.P. now owns 791,271 shares of the information services provider's stock valued at $200,880,000 after purchasing an additional 654,170 shares during the period. 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.