D James Bidzos Sells 3,300 Shares of VeriSign (NASDAQ:VRSN) Stock
by Danessa Lincoln · The Markets DailyVeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of VeriSign stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $296.58, for a total transaction of $978,714.00. Following the sale, the chief executive officer owned 388,327 shares in the company, valued at approximately $115,170,021.66. The trade was a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 8th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $284.40, for a total transaction of $938,520.00.
- On Tuesday, September 1st, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $291.09, for a total transaction 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 transaction of $960,828.00.
- On Tuesday, August 18th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $277.85, for a total transaction 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 transaction of $978,582.00.
- On Tuesday, July 28th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were 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.
- On Tuesday, June 30th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $250.94, for a total value of $828,102.00.
- On Tuesday, June 23rd, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $248.53, for a total value of $820,149.00.
VeriSign Stock Up 0.4%
NASDAQ VRSN traded up $1.20 during trading on Wednesday, hitting $298.46. 638,641 shares of the stock traded hands, compared to its average volume of 807,402. VeriSign, Inc. has a 12-month low of $208.86 and a 12-month high of $312.48. The firm has a 50-day simple moving average of $283.83 and a 200-day simple moving average of $272.98. The company has a market capitalization of $26.95 billion, a P/E ratio of 32.37 and a beta of 0.70.
VeriSign (NASDAQ:VRSN – Get Free Report) last posted its earnings results on Thursday, July 23rd. The information services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.02. VeriSign had a negative return on equity of 39.20% and a net margin of 49.76%.The firm had revenue of $434.60 million during the quarter, compared to the consensus estimate of $433.19 million. During the same period in the prior year, the company earned $2.21 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that VeriSign, Inc. will post 9.57 EPS for the current fiscal year.
VeriSign Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Wednesday, August 19th were given a dividend of $0.81 per share. The ex-dividend date was Wednesday, August 19th. This represents a $3.24 annualized dividend and a yield of 1.1%. VeriSign’s dividend payout ratio (DPR) is 35.14%.
Institutional Trading of VeriSign
A number of institutional investors have recently bought and sold shares of VRSN. Berkshire Hathaway Inc bought a new stake in VeriSign in the second quarter worth about $2,261,494,000. BlackRock Inc. bought a new position in shares of VeriSign during the second quarter valued at approximately $2,116,154,000. Norges Bank bought a new position in shares of VeriSign during the fourth quarter valued at approximately $312,900,000. Legal & General Group Plc purchased a new stake in shares of VeriSign in the second quarter worth approximately $172,641,000. Finally, Deutsche Bank AG purchased a new stake in shares of VeriSign in the second quarter worth approximately $145,362,000. 92.90% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
VRSN has been the topic of a number of research reports. Wedbush boosted their target price on shares of VeriSign from $324.00 to $341.00 and gave the stock an “outperform” rating in a report on Tuesday, September 1st. Zacks Research raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on shares of VeriSign from $308.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of VeriSign in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $333.00.
Read Our Latest Research Report on VeriSign
VeriSign Company Profile
VeriSign, Inc (NASDAQ: VRSN) is a global provider of internet infrastructure and domain name registry services. The company operates the authoritative registry for the .com and .net top-level domains, maintaining the systems that support the registration and resolution of millions of internet addresses worldwide.
VeriSign’s services include domain registry operations, Domain Name System (DNS) services, DNS security and stability solutions, and related internet infrastructure. Its systems help domain name registrars, businesses, governments and internet users access websites and online services reliably.
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