John Calys Sells 400 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSN) SVP John Calys sold 400 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $281.97, for a total transaction of $112,788.00. Following the completion of the transaction, the senior vice president now directly owns 23,335 shares of the company’s stock, valued at approximately $6,579,769.95. This represents a 1.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Calys also recently made the following trade(s):

• On Monday, February 24th, John Calys sold 447 shares of VeriSign stock. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25.

VeriSign Stock Down 0.5 %

Shares of VRSN opened at $283.22 on Wednesday. The firm has a market cap of $26.59 billion, a PE ratio of 35.40 and a beta of 0.80. The company’s fifty day moving average is $249.75 and its two-hundred day moving average is $218.63. VeriSign, Inc. has a fifty-two week low of $168.42 and a fifty-two week high of $285.73.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results 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. The firm had revenue of $402.30 million during the quarter, compared to the consensus estimate of $400.44 million. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 earnings per share.

VeriSign Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be given a dividend of $0.77 per share. The ex-dividend date is Monday, May 19th. VeriSign’s dividend payout ratio (DPR) is presently 37.65%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRSN. Citigroup raised their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Finally, Robert W. Baird upped 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of VeriSign by 2.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,506 shares of the information services provider’s stock valued at $382,000 after acquiring an additional 37 shares in the last quarter. Cromwell Holdings LLC raised its position in VeriSign by 32.3% in the first quarter. Cromwell Holdings LLC now owns 172 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 42 shares during the period. Hohimer Wealth Management LLC lifted its stake in shares of VeriSign by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 14,461 shares of the information services provider’s stock worth $3,671,000 after purchasing an additional 43 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of VeriSign by 2.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider’s stock worth $406,000 after buying an additional 48 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of VeriSign by 1.8% in the fourth quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider’s stock valued at $674,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors 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.