Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) President Sells $419,067.00 in Stock

Verint Systems Inc. (NASDAQ:VRNTGet Rating) President Elan Moriah sold 8,300 shares of the business’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $50.49, for a total value of $419,067.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Elan Moriah also recently made the following trade(s):

  • On Monday, April 4th, Elan Moriah sold 8,920 shares of Verint Systems stock. The stock was sold at an average price of $51.58, for a total value of $460,093.60.

Shares of VRNT opened at $50.49 on Monday. The company has a market capitalization of $3.27 billion, a PE ratio of -721.18, a PEG ratio of 2.23 and a beta of 0.86. Verint Systems Inc. has a 12 month low of $41.46 and a 12 month high of $54.74. The stock’s 50-day moving average price is $50.85 and its two-hundred day moving average price is $49.59. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43.

Verint Systems (NASDAQ:VRNTGet Rating) last announced its quarterly earnings data on Tuesday, March 29th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $234.17 million for the quarter, compared to the consensus estimate of $231.77 million. Verint Systems had a return on equity of 12.68% and a net margin of 1.65%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Equities research analysts predict that Verint Systems Inc. will post 1.62 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Verint Systems by 4.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 5,215,751 shares of the technology company’s stock valued at $273,879,000 after purchasing an additional 233,000 shares during the period. Senvest Management LLC lifted its stake in shares of Verint Systems by 278.2% in the 3rd quarter. Senvest Management LLC now owns 3,958,134 shares of the technology company’s stock valued at $177,285,000 after purchasing an additional 2,911,539 shares during the period. Baupost Group LLC MA lifted its stake in shares of Verint Systems by 6.4% in the 4th quarter. Baupost Group LLC MA now owns 3,754,965 shares of the technology company’s stock valued at $197,173,000 after purchasing an additional 226,481 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Verint Systems by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 3,631,535 shares of the technology company’s stock valued at $190,692,000 after purchasing an additional 166,411 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Verint Systems by 7.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,563,734 shares of the technology company’s stock valued at $114,830,000 after buying an additional 187,001 shares in the last quarter.

A number of equities research analysts recently weighed in on VRNT shares. StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Finally, Royal Bank of Canada lifted their target price on Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $68.00.

Verint Systems Company Profile (Get Rating)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Self-Service, which connects customers and employees with information, resources, and support; Case Management that helps employees to improve efficiency, time to resolution, compliance, and customer satisfaction; and Knowledge Management, which help agents to deliver stellar service with tools.

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