United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes $664,000 Position in VeriSign, Inc. $VRSN

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,300 shares of the information services provider’s stock, valued at approximately $664,000.

Several other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of VeriSign by 75.5% during the first quarter. AQR Capital Management LLC now owns 2,329,640 shares of the information services provider’s stock worth $586,417,000 after purchasing an additional 1,002,510 shares in the last quarter. Alliancebernstein L.P. grew its stake in VeriSign by 477.1% during the 1st quarter. Alliancebernstein L.P. now owns 791,271 shares of the information services provider’s stock worth $200,880,000 after buying an additional 654,170 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in VeriSign by 161.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 860,068 shares of the information services provider’s stock valued at $248,388,000 after buying an additional 531,041 shares in the last quarter. Amundi raised its stake in VeriSign by 71.3% in the first quarter. Amundi now owns 1,202,278 shares of the information services provider’s stock valued at $307,098,000 after buying an additional 500,223 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in VeriSign in the second quarter worth about $124,066,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRSN has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of VeriSign in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on VeriSign in a report on Tuesday, October 28th. They set a “neutral” rating and a $270.00 target price for the company. Zacks Research upgraded shares of VeriSign to a “hold” rating in a report on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of VeriSign in a research report on Friday, October 24th. Finally, Robert W. Baird set a $325.00 price objective on shares of VeriSign in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, VeriSign currently has an average rating of “Moderate Buy” and a consensus target price of $281.67.

VeriSign Trading Down 1.2%

Shares of VRSN stock opened at $252.67 on Thursday. VeriSign, Inc. has a 12-month low of $185.33 and a 12-month high of $310.60. The business’s 50 day moving average is $259.46 and its two-hundred day moving average is $272.16. The company has a market capitalization of $23.42 billion, a P/E ratio of 29.45 and a beta of 0.76.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, October 23rd. The information services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.02. The firm had revenue of $419.10 million for the quarter, compared to analyst estimates of $416.71 million. VeriSign had a negative return on equity of 40.66% and a net margin of 49.86%.The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. VeriSign has set its FY 2025 guidance at EPS.

VeriSign Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, November 18th. VeriSign’s dividend payout ratio is 35.90%.

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,500 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $236.87, for a total transaction of $592,175.00. Following the completion of the sale, the executive vice president owned 28,577 shares of the company’s stock, valued at $6,769,033.99. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO D James Bidzos sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $265.57, for a total transaction of $1,327,850.00. Following the completion of the transaction, the chief executive officer directly owned 471,439 shares in the company, valued at approximately $125,200,055.23. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 47,839 shares of company stock worth $12,660,539 over the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

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.