VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $278.78, for a total value of $919,974.00. Following the completion of the sale, the chief executive officer owned 381,727 shares of the company’s stock, valued at approximately $106,417,853.06. This represents a 0.86% 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, September 22nd, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were 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 stock was 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 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 value of $892,452.00.
- On Tuesday, July 7th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $266.09, for a total value of $878,097.00.
VeriSign Trading Up 0.5%
NASDAQ VRSN opened at $288.32 on Friday. The company has a market cap of $26.04 billion, a P/E ratio of 31.27 and a beta of 0.69. The company has a fifty day simple moving average of $289.53 and a 200 day simple moving average of $277.88. VeriSign, Inc. has a 12-month low of $208.86 and a 12-month high of $312.48.
VeriSign Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Wednesday, August 19th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, August 19th. VeriSign’s dividend payout ratio is currently 35.14%.
Institutional Investors Weigh In On VeriSign
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in shares of VeriSign by 25.1% during the 2nd quarter. QRG Capital Management Inc. now owns 4,765 shares of the information services provider’s stock worth $1,199,000 after purchasing an additional 955 shares during the period. State Street Corp increased its holdings in VeriSign by 1.8% during the second quarter. State Street Corp now owns 4,150,727 shares of the information services provider’s stock worth $1,044,157,000 after buying an additional 73,583 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in VeriSign by 28.2% in the second quarter. Sequoia Financial Advisors LLC now owns 6,612 shares of the information services provider’s stock worth $1,663,000 after acquiring an additional 1,454 shares during the period. Archford Capital Strategies LLC boosted its stake in VeriSign by 2.2% in the second quarter. Archford Capital Strategies LLC now owns 4,062 shares of the information services provider’s stock valued at $1,022,000 after acquiring an additional 86 shares during the last quarter. Finally, National Pension Service boosted its stake in VeriSign by 971.9% in the second quarter. National Pension Service now owns 171,145 shares of the information services provider’s stock valued at $43,053,000 after acquiring an additional 155,179 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.
Analyst Upgrades and Downgrades
VRSN has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on VeriSign from $308.00 to $316.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wedbush increased their price objective on VeriSign from $324.00 to $341.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 1st. Zacks Research lowered VeriSign from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of VeriSign in a report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, VeriSign currently has an average rating of “Moderate Buy” and a consensus price target of $333.00.
View Our Latest Report on VeriSign
About VeriSign
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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