VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $284.40, for a total value of $938,520.00. Following the transaction, the chief executive officer directly owned 391,627 shares of the company’s stock, valued at approximately $111,378,718.80. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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, September 1st, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was 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 shares were 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 shares were 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 stock was sold at an average price of $281.20, for a total value of $927,960.00.
- On Tuesday, July 21st, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $270.44, for a total transaction of $892,452.00.
- On Tuesday, July 7th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $266.09, for a total transaction of $878,097.00.
- On Tuesday, June 30th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $250.94, for a total transaction of $828,102.00.
- On Tuesday, June 23rd, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $248.53, for a total transaction of $820,149.00.
- On Tuesday, June 16th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $274.22, for a total transaction of $904,926.00.
VeriSign Price Performance
NASDAQ VRSN opened at $286.94 on Thursday. VeriSign, Inc. has a 12 month low of $208.86 and a 12 month high of $312.48. The company has a market capitalization of $25.91 billion, a P/E ratio of 31.12 and a beta of 0.70. The company’s 50 day simple moving average is $281.06 and its 200 day simple moving average is $270.71.
VeriSign Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Wednesday, August 19th were paid 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 dividend payout ratio (DPR) is currently 35.14%.
Institutional Trading of VeriSign
Several large investors have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. raised its holdings in VeriSign by 47.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 16,352 shares of the information services provider’s stock valued at $3,973,000 after buying an additional 5,267 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of VeriSign by 208.5% in the first quarter. Fifth Third Bancorp now owns 13,385 shares of the information services provider’s stock worth $3,324,000 after buying an additional 9,046 shares during the last quarter. BlackRock Inc. bought a new stake in shares of VeriSign during the 2nd quarter worth about $2,116,154,000. Barclays PLC boosted its stake in shares of VeriSign by 40.4% during the 4th quarter. Barclays PLC now owns 454,292 shares of the information services provider’s stock worth $110,370,000 after acquiring an additional 130,683 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in shares of VeriSign during the 2nd quarter valued at about $944,000. 92.90% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VRSN has been the topic of a number of recent analyst reports. Wedbush boosted their target price on VeriSign from $324.00 to $341.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 1st. Zacks Research upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of VeriSign in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. boosted their price objective on VeriSign from $308.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $333.00.
Check Out Our Latest Report on VeriSign
VeriSign Company Profile
VeriSign, Inc (NASDAQ: VRSN) is a global provider of internet infrastructure and domain name registry services. The company operates the authoritative registry for the .com and .net top-level domains, maintaining the systems that support the registration and resolution of millions of internet addresses worldwide.
VeriSign’s services include domain registry operations, Domain Name System (DNS) services, DNS security and stability solutions, and related internet infrastructure. Its systems help domain name registrars, businesses, governments and internet users access websites and online services reliably.
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