Rep. Lisa C. McClain Purchases Shares of VeriSign, Inc. (NASDAQ:VRSN)

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 up $3.60 on Tuesday, hitting $269.99. 1,189,446 shares of the stock traded hands, compared to its average volume of 1,207,596. The company has a market capitalization of $25.22 billion, a PE ratio of 32.22 and a beta of 0.78. The business has a 50 day simple moving average of $278.92 and a 200 day simple moving average of $264.16. VeriSign, Inc. has a one year low of $175.62 and a one year high of $310.60.

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

VeriSign Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 19th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $3.08 annualized dividend and a dividend yield of 1.1%. VeriSign's dividend payout ratio (DPR) is 36.75%.

VeriSign announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 24th that permits the company to buyback $1.11 billion in shares. This buyback authorization permits the information services provider to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in VeriSign during the 4th quarter valued at about $8,310,000. Sterling Capital Management LLC grew its holdings in VeriSign by 50.7% during the 4th quarter. Sterling Capital Management LLC now owns 4,714 shares of the information services provider's stock valued at $976,000 after purchasing an additional 1,585 shares during the last quarter. Barclays PLC grew its holdings in VeriSign by 10.3% during the 4th quarter. Barclays PLC now owns 287,298 shares of the information services provider's stock valued at $59,459,000 after purchasing an additional 26,852 shares during the last quarter. Mariner LLC grew its holdings in VeriSign by 4.2% during the 4th quarter. Mariner LLC now owns 10,038 shares of the information services provider's stock valued at $2,077,000 after purchasing an additional 400 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in VeriSign during the 4th quarter valued at about $252,000. Hedge funds and other institutional investors own 92.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VRSN. Citigroup reissued a "buy" rating on shares of VeriSign in a research report on Tuesday, July 8th. Robert W. Baird boosted their price objective on shares of VeriSign from $285.00 to $305.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $277.50.

Insider Activity at VeriSign

In other news, CEO D James Bidzos sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $284.82, for a total transaction of $1,424,100.00. Following the transaction, the chief executive officer directly owned 526,772 shares of the company's stock, valued at approximately $150,035,201.04. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 47,205 shares of company stock worth $13,084,682 over the last 90 days. Company insiders own 0.84% 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.

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.