VeriSign, Inc. (NASDAQ:VRSN) CEO D James Bidzos Sells 5,000 Shares

VeriSign, Inc. (NASDAQ:VRSN) CEO D James Bidzos sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $276.71, for a total transaction of $1,383,550.00. Following the transaction, the chief executive officer now owns 544,772 shares in the company, valued at $150,743,860.12. This represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

D James Bidzos also recently made the following trade(s):

• On Wednesday, June 11th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $279.28, for a total transaction of $558,560.00.
• On Wednesday, May 21st, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $280.66, for a total transaction of $561,320.00.
• On Tuesday, May 20th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $280.40, for a total transaction of $1,402,000.00.

VeriSign Stock Performance

Shares of NASDAQ:VRSN opened at $279.90 on Friday. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 34.99 and a beta of 0.77. VeriSign, Inc. has a 1-year low of $172.49 and a 1-year high of $288.95. The company has a 50 day moving average price of $269.77 and a 200 day moving average price of $237.01.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, hitting analysts’ consensus estimates of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The firm had revenue of $402.30 million during the quarter, compared to analyst estimates of $400.44 million. During the same quarter last year, the business posted $1.92 EPS. The company’s revenue was up 4.7% on a year-over-year basis.

VeriSign Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were paid a $0.77 dividend. The ex-dividend date of this dividend was Monday, May 19th. VeriSign’s dividend payout ratio is 37.65%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird raised 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. Wall Street Zen upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a report on Saturday, April 12th.

Hedge Funds Weigh In On VeriSign

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in VeriSign in the 1st quarter worth approximately $2,894,000. Belpointe Asset Management LLC acquired a new stake in shares of VeriSign during the 1st quarter valued at $345,000. Focus Partners Wealth boosted its stake in shares of VeriSign by 59.9% during the 1st quarter. Focus Partners Wealth now owns 8,355 shares of the information services provider’s stock valued at $2,121,000 after buying an additional 3,129 shares during the period. Chokshi & Queen Wealth Advisors Inc acquired a new stake in shares of VeriSign during the 1st quarter valued at $236,000. Finally, Optimize Financial Inc acquired a new stake in shares of VeriSign during the 1st quarter valued at $1,942,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

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.