D James Bidzos Sells 2,000 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSN) CEO D James Bidzos sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $280.66, for a total transaction of $561,320.00. Following the completion of the sale, the chief executive officer now directly owns 551,625 shares of the company’s stock, valued at approximately $154,819,072.50. The trade was a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 $281.86 on Friday. VeriSign, Inc. has a 52 week low of $168.79 and a 52 week high of $288.95. The stock’s fifty day moving average is $260.13 and its 200 day moving average is $226.67. The stock has a market capitalization of $26.47 billion, a P/E ratio of 35.23 and a beta of 0.80.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $400.44 million. During the same period last year, the firm earned $1.92 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year.

VeriSign Announces Dividend

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

Hedge Funds Weigh In On VeriSign

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRSN. Allspring Global Investments Holdings LLC boosted its holdings in shares of VeriSign by 322.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock valued at $53,639,000 after acquiring an additional 199,583 shares in the last quarter. Truist Financial Corp raised its position in VeriSign by 12.2% in the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock valued at $4,235,000 after purchasing an additional 2,218 shares during the last quarter. Berkshire Hathaway Inc boosted its stake in shares of VeriSign by 3.6% during the fourth quarter. Berkshire Hathaway Inc now owns 13,271,457 shares of the information services provider’s stock valued at $2,746,661,000 after purchasing an additional 455,844 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of VeriSign during the fourth quarter valued at about $600,000. Finally, Merit Financial Group LLC bought a new stake in shares of VeriSign during the fourth quarter worth about $989,000. Institutional investors own 92.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VRSN. Robert W. Baird boosted their price objective on shares of VeriSign from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Citigroup lifted their price target on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Wall Street Zen raised VeriSign from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th.

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.