VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D James Bidzos offered 2,000 shares of VeriSign inventory in a transaction on Wednesday, November twelfth. The shares had been offered at a mean value of $251.27, for a complete transaction of $502,540.00. Following the completion of the sale, the chief government officer owned 451,439 shares of the corporate’s inventory, valued at $113,433,077.53. This represents a 0.44% lower of their place. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible via the SEC website.

D James Bidzos additionally lately made the next commerce(s):

• On Tuesday, November eleventh, D James Bidzos offered 5,000 shares of VeriSign inventory. The inventory was offered at a mean value of $248.14, for a complete transaction of $1,240,700.00.
• On Wednesday, October twenty second, D James Bidzos offered 2,000 shares of VeriSign inventory. The shares had been offered at a mean value of $261.54, for a complete transaction of $523,080.00.
• On Tuesday, October twenty first, D James Bidzos offered 5,000 shares of VeriSign inventory. The shares had been offered at a mean value of $267.43, for a complete transaction of $1,337,150.00.
• On Wednesday, October fifteenth, D James Bidzos offered 2,000 shares of VeriSign inventory. The shares had been offered at a mean value of $264.06, for a complete worth of $528,120.00.
• On Tuesday, October 14th, D James Bidzos offered 5,000 shares of VeriSign inventory. The shares had been offered at a mean value of $265.57, for a complete worth of $1,327,850.00.
• On Wednesday, September seventeenth, D James Bidzos offered 2,000 shares of VeriSign inventory. The inventory was offered at a mean value of $288.48, for a complete worth of $576,960.00.
• On Tuesday, September sixteenth, D James Bidzos offered 5,000 shares of VeriSign inventory. The shares had been offered at a mean value of $287.34, for a complete worth of $1,436,700.00.
• On Wednesday, September tenth, D James Bidzos offered 2,000 shares of VeriSign inventory. The inventory was offered at a mean value of $283.87, for a complete worth of $567,740.00.
• On Tuesday, September ninth, D James Bidzos offered 5,000 shares of VeriSign inventory. The inventory was offered at a mean value of $283.24, for a complete worth of $1,416,200.00.
• On Wednesday, August twentieth, D James Bidzos offered 2,000 shares of VeriSign inventory. The shares had been offered at a mean value of $270.71, for a complete transaction of $541,420.00.

VeriSign Buying and selling Up 0.4%

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VeriSign stock opened at $251.51 on Friday. VeriSign, Inc. has a 1-year low of $176.62 and a 1-year excessive of $310.60. The agency has a market capitalization of $23.31 billion, a price-to-earnings ratio of 29.31 and a beta of 0.76. The agency’s fifty day transferring common value is $265.74 and its two-hundred day transferring common value is $274.20.

VeriSign (NASDAQ:VRSN – Get Free Report) final posted its earnings outcomes on Thursday, October twenty third. The data providers supplier reported $2.27 EPS for the quarter, topping the consensus estimate of $2.25 by $0.02. VeriSign had a web margin of 49.86% and a detrimental return on fairness of 40.66%. The corporate had income of $419.10 million throughout the quarter, in comparison with the consensus estimate of $416.71 million. Throughout the identical interval within the earlier 12 months, the agency posted $2.07 earnings per share. The agency’s income for the quarter was up 7.3% on a year-over-year foundation. VeriSign has set its FY 2025 steering at EPS.

VeriSign introduced that its Board of Administrators has accredited a inventory repurchase program on Thursday, July twenty fourth that authorizes the corporate to repurchase $1.11 billion in shares. This repurchase authorization authorizes the knowledge providers supplier to buy as much as 4.1% of its shares via open market purchases. Shares repurchase applications are usually a sign that the corporate’s management believes its inventory is undervalued.

VeriSign Publicizes Dividend

The enterprise additionally lately disclosed a quarterly dividend, which shall be paid on Tuesday, November twenty fifth. Stockholders of document on Tuesday, November 18th shall be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $3.08 annualized dividend and a dividend yield of 1.2%. VeriSign’s dividend payout ratio is 35.90%.

Institutional Buyers Weigh In On VeriSign

Quite a lot of hedge funds have lately made modifications to their positions within the enterprise. Brown Brothers Harriman & Co. boosted its holdings in shares of VeriSign by 33.6% within the third quarter. Brown Brothers Harriman & Co. now owns 739 shares of the knowledge providers supplier’s inventory value $207,000 after shopping for an extra 186 shares over the last quarter. FORA Capital LLC purchased a brand new stake in VeriSign within the third quarter value about $360,000. Glenmede Funding Administration LP raised its place in VeriSign by 1.8% within the third quarter. Glenmede Funding Administration LP now owns 4,686 shares of the knowledge providers supplier’s inventory value $1,310,000 after buying an extra 82 shares throughout the interval. Pathstone Holdings LLC boosted its stake in VeriSign by 2.9% within the third quarter. Pathstone Holdings LLC now owns 14,402 shares of the knowledge providers supplier’s inventory valued at $4,026,000 after buying an extra 404 shares over the last quarter. Lastly, WealthCollab LLC grew its place in shares of VeriSign by 19.1% throughout the third quarter. WealthCollab LLC now owns 312 shares of the knowledge providers supplier’s inventory valued at $87,000 after buying an extra 50 shares throughout the interval. 92.90% of the inventory is at the moment owned by institutional buyers.

Analyst Upgrades and Downgrades

VRSN has been the subject of a number of analyst studies. Robert W. Baird set a $325.00 goal value on VeriSign in a analysis report on Friday, October twenty fourth. Zacks Analysis upgraded VeriSign to a “maintain” ranking in a analysis be aware on Thursday, October thirtieth. Weiss Ratings lowered shares of VeriSign from a “purchase (b-)” ranking to a “maintain (c+)” ranking in a analysis report on Friday, November seventh. JPMorgan Chase & Co. assumed protection on shares of VeriSign in a report on Tuesday, October twenty eighth. They set a “impartial” ranking and a $270.00 value goal on the inventory. Lastly, Citigroup reiterated a “purchase” ranking on shares of VeriSign in a analysis be aware on Friday, October twenty fourth. One equities analysis analyst has rated the inventory with a Sturdy Purchase ranking, two have assigned a Purchase ranking and three have assigned a Maintain ranking to the corporate’s inventory. In response to MarketBeat, the inventory has a consensus ranking of “Average Purchase” and a mean goal value of $281.67.

View Our Latest Analysis on VRSN

About VeriSign

(Get Free Report)

VeriSign, Inc, along with its subsidiaries, supplies area identify registry providers and web infrastructure that permits web navigation for numerous acknowledged domains worldwide. The corporate allows the safety, stability, and resiliency of web infrastructure and providers, together with offering root zone maintainer providers, working two of 13 web root servers; and providing registration providers and authoritative decision for the .com and .web domains, which helps world e-commerce.

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