VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D James Bidzos sold 3,300 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $270.44, for a total value of $892,452.00. Following the completion of the transaction, the chief executive officer directly owned 416,239 shares of the company’s stock, valued at approximately $112,567,675.16. The trade was a 0.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D James Bidzos also recently made the following trade(s):
- On Tuesday, July 28th, D James Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $281.20, for a total transaction of $927,960.00.
- On Tuesday, July 7th, D James Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $266.09, for a total value of $878,097.00.
- On Tuesday, June 30th, D James Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $250.94, for a total transaction of $828,102.00.
- On Tuesday, June 23rd, D James Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $248.53, for a total transaction of $820,149.00.
- On Tuesday, June 16th, D James Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $274.22, for a total value of $904,926.00.
- On Tuesday, June 9th, D James Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $284.29, for a total value of $938,157.00.
- On Tuesday, June 2nd, D James Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $297.47, for a total transaction of $981,651.00.
VeriSign Stock Performance
Shares of NASDAQ:VRSN opened at $286.58 on Friday. The company has a market cap of $25.88 billion, a PE ratio of 31.08 and a beta of 0.71. VeriSign, Inc. has a 52 week low of $208.86 and a 52 week high of $312.48. The firm has a 50 day simple moving average of $274.87 and a 200 day simple moving average of $260.44.
VeriSign Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, August 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. VeriSign’s payout ratio is currently 35.14%.
Institutional Investors Weigh In On VeriSign
Several hedge funds have recently made changes to their positions in VRSN. State Street Corp grew its holdings in shares of VeriSign by 8.2% during the 3rd quarter. State Street Corp now owns 4,253,980 shares of the information services provider’s stock worth $1,189,285,000 after purchasing an additional 321,737 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of VeriSign by 14.1% in the fourth quarter. AQR Capital Management LLC now owns 4,020,169 shares of the information services provider’s stock valued at $976,700,000 after purchasing an additional 496,674 shares in the last quarter. Renaissance Technologies LLC lifted its position in VeriSign by 1.4% in the first quarter. Renaissance Technologies LLC now owns 2,818,151 shares of the information services provider’s stock worth $699,916,000 after purchasing an additional 38,800 shares during the period. Invesco Ltd. lifted its position in VeriSign by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,491,035 shares of the information services provider’s stock worth $362,247,000 after purchasing an additional 246,887 shares during the period. Finally, Norges Bank acquired a new stake in VeriSign during the fourth quarter worth $312,900,000. Institutional investors own 92.90% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on VRSN shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of VeriSign in a research note on Wednesday, June 24th. Robert W. Baird raised their price objective on VeriSign from $305.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Citigroup boosted their target price on VeriSign from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Wedbush increased their price target on VeriSign from $318.00 to $324.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, VeriSign currently has an average rating of “Buy” and a consensus target price of $328.75.
Get Our Latest Analysis on VRSN
About VeriSign
VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.
In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.
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