Rep. Lisa C. McClain Buys VeriSign, Inc. (NASDAQ:VRSN) Shares

Representative Lisa C. McClain (R-Michigan) recently bought shares of VeriSign, Inc. (NASDAQ:VRSN). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in VeriSign stock on June 17th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

VeriSign Trading Up 0.8%

VeriSign stock opened at $271.42 on Thursday. The stock has a market cap of $25.35 billion, a price-to-earnings ratio of 32.39 and a beta of 0.78. The company’s 50-day moving average price is $279.89 and its two-hundred day moving average price is $262.46. VeriSign, Inc. has a 52 week low of $175.62 and a 52 week high of $310.60.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 24th. The information services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $2.20 by $0.01. The firm had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $410.35 million. VeriSign had a net margin of 50.05% and a negative return on equity of 40.87%. VeriSign’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $2.01 EPS. VeriSign has set its FY 2025 guidance at EPS.

VeriSign Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $3.08 annualized dividend and a yield of 1.1%. VeriSign’s dividend payout ratio (DPR) is presently 36.75%.

VeriSign declared that its board has approved a stock buyback plan on Thursday, July 24th that authorizes the company to buyback $1.11 billion in outstanding shares. This buyback authorization authorizes the information services provider to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 501 shares of VeriSign stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $264.50, for a total value of $132,514.50. Following the completion of the sale, the executive vice president directly owned 36,767 shares in the company, valued at $9,724,871.50. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO D James Bidzos sold 2,000 shares of VeriSign stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $266.45, for a total transaction of $532,900.00. Following the completion of the sale, the chief executive officer owned 506,772 shares of the company’s stock, valued at $135,029,399.40. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,006 shares of company stock valued at $11,153,394. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRSN. Citigroup restated a “buy” rating on shares of VeriSign in a research report on Tuesday, July 8th. Robert W. Baird raised their price objective on shares of VeriSign from $285.00 to $305.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, VeriSign presently has an average rating of “Buy” and an average price target of $277.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC boosted its holdings in shares of 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 purchasing an additional 35 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of VeriSign by 2.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,506 shares of the information services provider’s stock worth $382,000 after purchasing an additional 37 shares during the period. Zions Bancorporation National Association UT boosted its holdings in shares of VeriSign by 20.2% during the second quarter. Zions Bancorporation National Association UT now owns 226 shares of the information services provider’s stock worth $65,000 after purchasing an additional 38 shares during the period. Flputnam Investment Management Co. boosted its holdings in shares of VeriSign by 1.8% during the first quarter. Flputnam Investment Management Co. now owns 2,183 shares of the information services provider’s stock worth $554,000 after purchasing an additional 39 shares during the period. Finally, Advisors Asset Management Inc. boosted 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 purchasing an additional 40 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About VeriSign

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.