D James Bidzos Sells 5,000 Shares of VeriSign (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSNGet Free Report) CEO D James Bidzos sold 5,000 shares of VeriSign stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $248.20, for a total value of $1,241,000.00. Following the completion of the sale, the chief executive officer directly owned 416,099 shares of the company’s stock, valued at approximately $103,275,771.80. This trade represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, January 14th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $248.28, for a total transaction of $496,560.00.
  • On Wednesday, December 17th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $244.25, for a total transaction of $488,500.00.
  • On Tuesday, December 16th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $241.79, for a total value of $1,208,950.00.
  • On Wednesday, December 10th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $242.07, for a total value of $484,140.00.
  • On Tuesday, December 9th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $244.59, for a total value of $1,222,950.00.
  • On Wednesday, November 19th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $246.05, for a total transaction of $492,100.00.
  • On Tuesday, November 18th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $250.05, for a total transaction of $1,250,250.00.
  • On Wednesday, November 12th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $251.27, for a total transaction of $502,540.00.
  • On Tuesday, November 11th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $248.14, for a total value of $1,240,700.00.
  • On Wednesday, October 22nd, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $261.54, for a total value of $523,080.00.

VeriSign Trading Up 0.1%

VRSN stock opened at $249.47 on Friday. The company’s 50 day moving average is $247.28 and its 200 day moving average is $263.62. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 29.08 and a beta of 0.77. VeriSign, Inc. has a 1-year low of $205.37 and a 1-year high of $310.60.

VeriSign (NASDAQ:VRSNGet Free Report) last released its quarterly earnings results on Thursday, October 23rd. The information services provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.02. VeriSign had a net margin of 49.86% and a negative return on equity of 40.66%. The business had revenue of $419.10 million during the quarter, compared to analysts’ expectations of $416.71 million. During the same quarter in the previous year, the company earned $2.07 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year.

VeriSign Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, November 18th. VeriSign’s dividend payout ratio (DPR) is presently 35.90%.

Hedge Funds Weigh In On VeriSign

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its stake in VeriSign by 56.5% during the second quarter. Bruce G. Allen Investments LLC now owns 97 shares of the information services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of VeriSign by 112.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 102 shares of the information services provider’s stock worth $28,000 after buying an additional 54 shares during the last quarter. Root Financial Partners LLC bought a new position in VeriSign during the 3rd quarter valued at approximately $29,000. Bayforest Capital Ltd purchased a new position in VeriSign during the second quarter valued at $34,000. Finally, Ameritas Advisory Services LLC bought a new stake in VeriSign in the second quarter worth $34,000. 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. increased their price objective on VeriSign from $270.00 to $271.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of VeriSign in a research report on Monday, December 29th. Robert W. Baird set a $325.00 price objective on shares of VeriSign in a research report on Friday, October 24th. Zacks Research lowered shares of VeriSign from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. Finally, Citigroup restated a “buy” rating on shares of VeriSign in a report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $282.00.

Check Out Our Latest Stock Report on VeriSign

About VeriSign

(Get Free Report)

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.

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