R Reid French, Jr. Buys 4,700 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNTGet Rating) Director R Reid French, Jr. purchased 4,700 shares of the stock in a transaction on Wednesday, April 13th. The stock was acquired at an average price of $52.70 per share, with a total value of $247,690.00. Following the completion of the acquisition, the director now directly owns 7,514 shares of the company’s stock, valued at $395,987.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ VRNT opened at $53.03 on Friday. The stock has a 50 day moving average price of $50.91 and a 200 day moving average price of $49.71. Verint Systems Inc. has a 52 week low of $41.46 and a 52 week 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.

Verint Systems (NASDAQ:VRNTGet Rating) last issued its quarterly earnings results on Tuesday, March 29th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. Verint Systems had a return on equity of 12.68% and a net margin of 1.65%. The firm had revenue of $234.17 million during the quarter, compared to analysts’ expectations of $231.77 million. During the same period in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Verint Systems Inc. will post 1.62 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of VRNT. KRS Capital Management LLC acquired a new position in Verint Systems during the fourth quarter valued at approximately $36,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Verint Systems in the fourth quarter valued at approximately $65,000. Strs Ohio acquired a new stake in shares of Verint Systems in the fourth quarter valued at approximately $78,000. Freemont Management S.A. acquired a new stake in shares of Verint Systems in the third quarter valued at approximately $88,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Verint Systems in the fourth quarter valued at approximately $105,000.

Several brokerages have issued reports on VRNT. The Goldman Sachs Group cut Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research report on Tuesday. Royal Bank of Canada upped their price objective on Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 30th. TheStreet cut Verint Systems from a “b-” rating to a “c” rating in a research report on Tuesday. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Finally, Zacks Investment Research cut Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $65.80.

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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