VeriSign (NASDAQ:VRSN) Shares Acquired Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain purchased shares of VeriSign, Inc. (NASDAQ:VRSN) valued between $1,001 and $15,000 on June 17th, as disclosed in a filing on August 13th.
• VeriSign recently announced a quarterly dividend of $0.77 per share, payable on August 27th, representing an annualized payout of $3.08 with a yield of 1.1%.
• The company has been authorized to buy back $1.11 billion in shares, indicating management's belief that the stock is undervalued.

Representative Lisa C. McClain (R-Michigan) recently bought shares of VeriSign, Inc. NASDAQ: VRSN. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in VeriSign stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

VeriSign Stock Performance

Shares of VRSN traded down $2.69 during trading hours on Friday, reaching $269.55. The stock had a trading volume of 508,800 shares, compared to its average volume of 1,234,881. VeriSign, Inc. has a 12 month low of $175.62 and a 12 month high of $310.60. The stock has a market capitalization of $25.18 billion, a PE ratio of 32.17 and a beta of 0.78. The company's 50-day moving average is $279.49 and its two-hundred day moving average is $263.50.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The information services provider reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.01. The company had revenue of $409.90 million during the quarter, compared to analysts' expectations of $410.35 million. VeriSign had a negative return on equity of 40.87% and a net margin of 50.05%.VeriSign's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.01 EPS. VeriSign has set its FY 2025 guidance at EPS.

VeriSign declared that its Board of Directors has approved a share buyback plan on Thursday, July 24th that permits the company to repurchase $1.11 billion in shares. This repurchase authorization permits the information services provider to purchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

VeriSign Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 19th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 19th. VeriSign's dividend payout ratio is presently 36.75%.

Insiders Place Their Bets

In other news, CEO D James Bidzos sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $270.71, for a total value of $541,420.00. Following the completion of the sale, the chief executive officer directly owned 496,304 shares in the company, valued at $134,354,455.84. This trade represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas C. Indelicarto sold 501 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $264.50, for a total value of $132,514.50. Following the completion of the sale, the executive vice president owned 36,767 shares of the company's stock, valued at approximately $9,724,871.50. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,706 shares of company stock worth $13,225,964. 0.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VRSN shares. Citigroup reaffirmed a "buy" rating on shares of VeriSign in a research report on Tuesday, July 8th. Robert W. Baird raised their target price on VeriSign from $285.00 to $305.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to data from MarketBeat, VeriSign currently has an average rating of "Buy" and a consensus price target of $277.50.

Institutional Investors Weigh In On VeriSign

Several institutional investors and hedge funds have recently made changes to their positions in VRSN. Raymond James Financial Inc. bought a new stake in VeriSign in the fourth quarter worth approximately $8,310,000. Sterling Capital Management LLC increased its holdings in VeriSign by 50.7% in the fourth quarter. Sterling Capital Management LLC now owns 4,714 shares of the information services provider's stock worth $976,000 after purchasing an additional 1,585 shares in the last quarter. Barclays PLC increased its holdings in VeriSign by 10.3% in the fourth quarter. Barclays PLC now owns 287,298 shares of the information services provider's stock worth $59,459,000 after purchasing an additional 26,852 shares in the last quarter. Mariner LLC increased its holdings in VeriSign by 4.2% in the fourth quarter. Mariner LLC now owns 10,038 shares of the information services provider's stock worth $2,077,000 after purchasing an additional 400 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in VeriSign in the fourth quarter worth approximately $252,000. Institutional investors own 92.90% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.