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

VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto sold 501 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $275.44, for a total transaction of $137,995.44. Following the transaction, the executive vice president now owns 39,272 shares of the company’s stock, valued at approximately $10,817,079.68. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

VeriSign Stock Performance

Shares of VRSN stock opened at $274.49 on Thursday. VeriSign, Inc. has a 52-week low of $172.49 and a 52-week high of $288.95. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of 34.31 and a beta of 0.80. The firm has a fifty day moving average of $265.12 and a 200-day moving average of $232.24.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The company had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $400.44 million. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue was up 4.7% on a year-over-year basis.

VeriSign Dividend Announcement

The firm also recently disclosed 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 was Monday, May 19th. VeriSign’s dividend payout ratio is 37.65%.

Wall Street Analyst Weigh In

VRSN has been the topic of several recent research reports. Wall Street Zen raised VeriSign from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Robert W. Baird increased their price objective on shares of VeriSign from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 25th.

Hedge Funds Weigh In On VeriSign

A number of hedge funds have recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new stake in shares of VeriSign during the 4th quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in shares of VeriSign during the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its position in shares of VeriSign by 13,000.0% during the 1st quarter. Rakuten Securities Inc. now owns 131 shares of the information services provider’s stock worth $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 during the 1st quarter worth about $34,000. Finally, UMB Bank n.a. increased its position in shares of VeriSign by 106.5% during the 1st quarter. UMB Bank n.a. now owns 159 shares of the information services provider’s stock worth $40,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds 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.