VeriSign (NASDAQ:VRSN) Stock Unloaded Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain sold shares of VeriSign, Inc. (NASDAQ:VRSN) worth between $1,001 and $15,000 on June 24th, as disclosed in a filing on August 13th.
• VeriSign announced a quarterly dividend of $0.77 per share, with a payout ratio of 36.75%, to be paid on August 27th.
• Analysts have raised their target price for VeriSign from $285 to $305, indicating an optimistic outlook for the stock.

Representative Lisa C. McClain (R-Michigan) recently sold shares of VeriSign, Inc. NASDAQ: VRSN. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in VeriSign stock on June 24th. 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 Price Performance

Shares of NASDAQ:VRSN traded up $1.4970 during midday trading on Wednesday, hitting $270.7270. The company had a trading volume of 259,268 shares, compared to its average volume of 877,178. VeriSign, Inc. has a twelve month low of $175.62 and a twelve month high of $310.60. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 32.30 and a beta of 0.78. The business's 50-day simple moving average is $280.06 and its 200-day simple moving average is $262.40.

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

VeriSign announced that its board has approved a stock repurchase plan on Thursday, July 24th that authorizes the company to repurchase $1.11 billion in shares. This repurchase authorization authorizes the information services provider to reacquire up to 4.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

VeriSign Announces Dividend

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

Analyst Upgrades and Downgrades

VRSN has been the subject of several recent analyst reports. 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 note on Tuesday, July 1st. Citigroup reaffirmed a "buy" rating on shares of VeriSign in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $277.50.

Insider Buying and Selling

In other VeriSign news, CEO D James Bidzos sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $266.45, for a total transaction of $532,900.00. Following the sale, the chief executive officer owned 506,772 shares in the company, valued at approximately $135,029,399.40. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 501 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $264.50, for a total value of $132,514.50. Following the sale, the executive vice president owned 36,767 shares in the company, valued at approximately $9,724,871.50. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,006 shares of company stock worth $11,153,394. Insiders own 0.84% of the company's stock.

Institutional Trading of VeriSign

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Marex Group plc acquired a new position in VeriSign in the 2nd quarter valued at about $210,000. State of Wyoming increased its position in VeriSign by 4.5% during the 2nd quarter. State of Wyoming now owns 1,840 shares of the information services provider's stock worth $531,000 after purchasing an additional 79 shares during the period. Pitcairn Co. increased its position in VeriSign by 114.8% during the 2nd quarter. Pitcairn Co. now owns 2,749 shares of the information services provider's stock worth $794,000 after purchasing an additional 1,469 shares during the period. Tactive Advisors LLC acquired a new position in VeriSign during the 2nd quarter worth approximately $538,000. Finally, Caxton Associates LLP increased its position in VeriSign by 5.8% during the 2nd quarter. Caxton Associates LLP now owns 32,567 shares of the information services provider's stock worth $9,405,000 after purchasing an additional 1,776 shares during the period. Institutional investors and hedge funds 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.