VeriSign (NASDAQ:VRSN) Given New $324.00 Price Target at Wedbush

VeriSign (NASDAQ:VRSN) had its price target lifted by Wedbush from $318.00 to $324.00 in a research report report published on Friday, MarketBeat.com reports. The firm currently has an outperform rating on the information services provider’s stock.

Other analysts have also issued reports about the company. Robert W. Baird lifted their price objective on VeriSign from $305.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “buy (b-)” rating on shares of VeriSign in a research report on Wednesday, June 24th. Citigroup lifted their price target on shares of VeriSign from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of VeriSign from $285.00 to $308.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, VeriSign has a consensus rating of “Moderate Buy” and an average target price of $328.75.

VeriSign Stock Performance

NASDAQ:VRSN opened at $280.00 on Friday. The stock’s fifty day moving average price is $276.54 and its two-hundred day moving average price is $259.26. VeriSign has a 52-week low of $208.86 and a 52-week high of $312.48. The company has a market cap of $25.48 billion, a price-to-earnings ratio of 30.37 and a beta of 0.71.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 23rd. The information services provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.36 by $0.02. The company had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $433.19 million. VeriSign had a negative return on equity of 39.73% and a net margin of 49.76%.The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. On average, equities analysts predict that VeriSign will post 9.45 EPS for the current fiscal year.

VeriSign Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.24 annualized dividend and a yield of 1.2%. VeriSign’s dividend payout ratio (DPR) is currently 35.14%.

Insiders Place Their Bets

In related news, EVP Thomas C. Indelicarto sold 500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $283.54, for a total value of $141,770.00. Following the transaction, the executive vice president owned 36,551 shares in the company, valued at approximately $10,363,670.54. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO D James Bidzos sold 3,300 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $297.47, for a total transaction of $981,651.00. Following the completion of the transaction, the chief executive officer directly owned 439,339 shares in the company, valued at approximately $130,690,172.33. This represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,300 shares of company stock valued at $7,125,942 over the last ninety days. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On VeriSign

Institutional investors and hedge funds have recently made changes to their positions in the company. Groupe la Francaise grew its holdings in VeriSign by 2.8% in the 1st quarter. Groupe la Francaise now owns 1,413 shares of the information services provider’s stock valued at $351,000 after buying an additional 39 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of VeriSign by 25.3% during the first quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider’s stock worth $50,000 after buying an additional 40 shares in the last quarter. Tranquilli Financial Advisor LLC lifted its holdings in shares of VeriSign by 5.1% during the fourth quarter. Tranquilli Financial Advisor LLC now owns 872 shares of the information services provider’s stock worth $212,000 after buying an additional 42 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of VeriSign by 2.1% in the first quarter. Waverly Advisors LLC now owns 2,069 shares of the information services provider’s stock valued at $514,000 after acquiring an additional 42 shares during the period. Finally, One Wealth Advisors LLC grew its stake in shares of VeriSign by 3.8% in the fourth quarter. One Wealth Advisors LLC now owns 1,215 shares of the information services provider’s stock valued at $295,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign News Summary

Here are the key news stories impacting VeriSign this week:

• Positive Sentiment: VeriSign reported second-quarter results that topped estimates, with EPS of $2.38 versus $2.36 expected and revenue of $434.6 million, up 6% year over year. The stronger-than-expected quarter suggests steady demand for domain registrations. Article Title
• Positive Sentiment: The company lifted its FY2026 outlook, calling for revenue of $1.7 billion to $1.8 billion, reinforcing confidence that growth can continue after the latest quarter. Article Title
• Positive Sentiment: VeriSign announced that .web has been delegated into the DNS root zone, with the company as registry operator. That adds a potential long-term growth opportunity for domain registrations and registry revenue. Article Title
• Positive Sentiment: Wedbush raised its price target on VeriSign to $324 from $318 and kept an outperform rating, implying additional upside relative to the current trading level. Article Title
• Positive Sentiment: JPMorgan also raised its price target to $316 from $308, even while maintaining a neutral rating, signaling improved expectations for the stock’s value. Article Title
• Neutral Sentiment: VeriSign declared a quarterly dividend of $0.81 per share, which supports the stock’s income profile but is not a major growth driver by itself.

VeriSign Company Profile

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.