Deutsche Bank AG has increased its share holdings in VeriSign, Inc. by 19.8%, now owning approximately 0.73% of the company valued at $175 million. VeriSign announced a quarterly dividend of $0.77 per share, with a 1.1% yield and a payout ratio of 36.75%. The company reported a 5.9% year-over-year revenue increase with earnings per share of $2.21, surpassing analysts' expectations. VeriSign's quarterly revenue was up 5.9% on a year-over-year basis, and the company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.01. The business had revenue of $409.90 million for the quarter, compared to analyst estimates of $410.35 million. VeriSign had a net margin of 50.05% and a negative return on equity of 40.87%. The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 19th. VeriSign's dividend payout ratio (DPR) is presently 36.75%. VeriSign announced that its board has authorized a share repurchase plan on Thursday, July 24th that allows the company to repurchase $1.11 billion in shares. This repurchase authorization allows the information services provider to purchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued. A number of brokerages have recently issued reports on VRSN. Robert W. Baird upped their price objective on VeriSign from $285.00 to $305.00 and gave the company an 'outperform' rating in a research note on Tuesday, July 1st. Citigroup reaffirmed a 'buy' rating on shares of VeriSign in a research report on Tuesday, July 8th. In other VeriSign news, CEO sold 2,000 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $281.35, for a total value of $562,700.00. Following the transaction, the chief executive officer directly owned 515,772 shares of the company's stock, valued at $145,112,452.20. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through . Also, EVP sold 501 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $269.50, for a total transaction of $135,019.50. Following the completion of the sale, the executive vice president directly owned 37,268 shares of the company's stock, valued at approximately $10,043,726. The trade was a 1.33% decrease in their position. The disclosure for this sale can be found . Over the last three months, insiders have sold 39,505 shares of company stock valued at $11,130,549. 0.84% of the stock is currently owned by insiders. 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.

VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Deutsche Bank AG

Deutsche Bank AG has increased its ownership in VeriSign, Inc. by 19.8%, now holding approximately 0.73% of the company valued at $175 million. VeriSign reported a 5.9% year-over-year revenue increase to $409.90 million, with earnings per share of $2.21, slightly exceeding analyst expectations. The company announced a quarterly dividend of $0.77 per share, yielding 1.1% with a payout ratio of 36.75%. VeriSign also authorized a $1.11 billion share repurchase plan, allowing it to buy back up to 4.1% of its shares. Insiders, including the CEO and EVP, have sold a total of 39,505 shares over the past three months, representing 0.84% of the company's stock. Brokerages such as Robert W. Baird and Citigroup have issued positive ratings, with Baird raising its price target to $305.00 and maintaining an 'outperform' rating, while Citigroup reaffirmed a 'buy' rating.