Verint Systems Inc. (NASDAQ:VRNT) Insider Peter Fante Sells 10,047 Shares

Verint Systems Inc. (NASDAQ:VRNTGet Rating) insider Peter Fante sold 10,047 shares of the firm’s stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $51.26, for a total transaction of $515,009.22. Following the completion of the transaction, the insider now directly owns 33,434 shares in the company, valued at $1,713,826.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Peter Fante also recently made the following trade(s):

  • On Thursday, April 7th, Peter Fante sold 5,631 shares of Verint Systems stock. The shares were sold at an average price of $50.49, for a total transaction of $284,309.19.

Shares of NASDAQ VRNT traded up $1.20 during trading on Wednesday, hitting $52.88. The stock had a trading volume of 478,709 shares, compared to its average volume of 478,255. Verint Systems Inc. has a 12 month low of $41.46 and a 12 month high of $54.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 1.36. The company has a market capitalization of $3.42 billion, a PE ratio of -738.18, a PEG ratio of 2.23 and a beta of 0.86. The firm has a fifty day moving average of $50.85 and a two-hundred day moving average of $49.64.

Verint Systems (NASDAQ:VRNTGet Rating) last posted its earnings results on Tuesday, March 29th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Verint Systems had a net margin of 1.65% and a return on equity of 12.68%. The firm had revenue of $234.17 million during the quarter, compared to analyst estimates of $231.77 million. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Verint Systems Inc. will post 1.62 earnings per share for the current fiscal year.

VRNT has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 30th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Zacks Investment Research downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Finally, The Goldman Sachs Group downgraded shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.80.

Several hedge funds and other institutional investors have recently bought and sold shares of VRNT. KRS Capital Management LLC bought a new stake in shares of Verint Systems in the 4th quarter worth $36,000. Alpha Paradigm Partners LLC bought a new position in Verint Systems during the fourth quarter valued at about $65,000. Strs Ohio bought a new position in Verint Systems during the fourth quarter valued at about $78,000. Freemont Management S.A. bought a new position in Verint Systems during the third quarter valued at about $88,000. Finally, Pinebridge Investments L.P. bought a new position in Verint Systems during the fourth quarter valued at about $105,000.

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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