VeriSign, Inc. (NASDAQ:VRSN) Holdings Boosted by Vanguard Group Inc.\n\nVanguard Group Inc. increased its stake in VeriSign by 1.2% in Q1, now owning 11.20% of the company, valued at approximately $2.67 billion. VeriSign announced a stock buyback program authorizing $1.11 billion in shares, reflecting management's belief that the stock is undervalued. The company reported $2.21 earnings per share for the last quarter, exceeding estimates, and experienced a year-over-year revenue increase of 5.9%. VeriSign declared that its board has approved a stock repurchase plan authorizing the company to repurchase $1.11 billion in outstanding shares, which authorizes the information services provider to repurchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.\n\nVeriSign also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 19th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 19th. VeriSign's payout ratio is currently 36.75%.\n\nIn other VeriSign news, CEO sold 5,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $284.82, for a total transaction of $1,424,100.00. Following the transaction, the chief executive officer owned 526,772 shares of the company's stock, valued at $150,035,201.04. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through . In the last three months, insiders sold 39,505 shares of company stock worth $11,130,549. Insiders own 0.84% of the company's stock.\n\nWall Street Analysts Forecast Growth: A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on VeriSign from $285.00 to $305.00 and gave the stock an 'outperform' rating in a research report on Tuesday, July 1st. raised VeriSign from a 'hold' rating to a 'buy' rating in a research note on Saturday, April 12th. Finally, Citigroup reaffirmed a 'buy' rating on shares of VeriSign in a research note on Tuesday, July 8th.\n\nVeriSign, 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 Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in VeriSign by 1.2% in the first quarter, now owning 11.20% of the company, valued at approximately $2.67 billion. VeriSign announced a stock buyback program authorizing $1.11 billion in shares, representing up to 4.1% of its outstanding shares, reflecting management's belief that the stock is undervalued. The company reported $2.21 earnings per share, exceeding estimates, and saw a 5.9% year-over-year revenue increase. VeriSign declared a quarterly dividend of $0.77 per share, payable on August 27th to investors of record as of August 19th, resulting in a 1.1% dividend yield and a 36.75% payout ratio. CEO sold 5,000 shares at $284.82 each, totaling $1.424 million, reducing their ownership to 526,772 shares valued at $150.04 million, a 0.94% decrease. Over the past three months, insiders have sold 39,505 shares worth $11.13 million, owning 0.84% of the company. Analysts including Robert W. Baird, Morgan Stanley, and Citigroup have upgraded VeriSign's rating to 'outperform' or 'buy'. VeriSign provides domain name registry and internet infrastructure services, including root zone maintenance and operation of two of the thirteen internet root servers.