VeriSign (NASDAQ:VRSN) Stock: Insider D James Bidzos Sells 3,300 Shares

VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $302.85, for a total value of $999,405.00. Following the completion of the sale, the chief executive officer owned 375,127 shares of the company’s stock, valued at approximately $113,607,211.95. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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, October 6th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $292.33, for a total value of $964,689.00.
  • On Tuesday, September 29th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $278.78, for a total value of $919,974.00.
  • On Tuesday, September 22nd, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $304.74, for a total value of $1,005,642.00.
  • On Tuesday, September 15th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $296.58, for a total value of $978,714.00.
  • On Tuesday, September 8th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $284.40, for a total value of $938,520.00.
  • On Tuesday, September 1st, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $291.09, for a total value of $960,597.00.
  • On Tuesday, August 25th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $291.16, for a total value of $960,828.00.
  • On Tuesday, August 18th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $277.85, for a total value of $916,905.00.
  • On Tuesday, August 4th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $296.54, for a total value of $978,582.00.
  • On Tuesday, July 28th, D. 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.

VeriSign Trading Down 0.1%

NASDAQ VRSN traded down $0.35 during mid-day trading on Wednesday, hitting $301.41. The company’s stock had a trading volume of 709,976 shares, compared to its average volume of 816,876. The company’s 50 day simple moving average is $290.81 and its 200 day simple moving average is $280.89. VeriSign, Inc. has a twelve month low of $208.86 and a twelve month high of $312.48. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 32.69 and a beta of 0.69.

VeriSign (NASDAQ:VRSN – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.02. VeriSign had a net margin of 49.76% and a negative return on equity of 39.20%. The business had revenue of $434.60 million during the quarter, compared to analyst estimates of $433.19 million. During the same quarter in the previous year, the business posted $2.21 EPS. VeriSign’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that VeriSign, Inc. will post 9.59 EPS for the current year.

VeriSign Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $3.24 annualized dividend and a dividend yield of 1.1%. VeriSign’s payout ratio is presently 35.14%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings raised VeriSign from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Zacks Research cut VeriSign from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 23rd. Wedbush raised their price objective on VeriSign from $324.00 to $341.00 and gave the company an “outperform” rating in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of VeriSign from $308.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, VeriSign currently has a consensus rating of “Moderate Buy” and an average target price of $333.00.

Read Our Latest Report on VRSN

Institutional Trading of VeriSign

A number of institutional investors and hedge funds have recently modified their holdings of VRSN. Addison Advisors LLC purchased a new position in shares of VeriSign during the 2nd quarter worth approximately $30,000. PenderFund Capital Management Ltd. bought a new position in shares of VeriSign in the 2nd quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd raised its position in shares of VeriSign by 120.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 234 shares of the information services provider’s stock worth $57,000 after acquiring an additional 128 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of VeriSign by 40.5% in the 2nd quarter. NewEdge Advisors LLC now owns 243 shares of the information services provider’s stock worth $61,000 after acquiring an additional 70 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of VeriSign in the 1st quarter valued at approximately $64,000. 92.90% of the stock is owned by hedge funds and other institutional investors.

About VeriSign

(Get Free Report)

VeriSign, Inc (NASDAQ:VRSN) provides critical internet infrastructure and domain name registry services. The company operates the authoritative registries for the .com and .net top-level domains and supports the security, stability and availability of these domains worldwide. VeriSign also operates the .name and .cc registries and provides backend registry services for additional top-level domains.

In addition to registry operations, VeriSign offers domain name system (DNS) services designed to help organizations maintain reliable online access.

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Insider Buying and Selling by Quarter for VeriSign (NASDAQ:VRSN)

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