Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $194,338.56 in Stock

Verint Systems Inc. (NASDAQ:VRNTGet Rating) CFO Douglas Robinson sold 3,664 shares of the stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $53.04, for a total transaction of $194,338.56. Following the completion of the sale, the chief financial officer now owns 213,863 shares of the company’s stock, valued at $11,343,293.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Douglas Robinson also recently made the following trade(s):

  • On Monday, April 11th, Douglas Robinson sold 2,206 shares of Verint Systems stock. The shares were sold at an average price of $51.26, for a total transaction of $113,079.56.
  • On Thursday, April 7th, Douglas Robinson sold 5,622 shares of Verint Systems stock. The shares were sold at an average price of $50.49, for a total transaction of $283,854.78.

Shares of VRNT opened at $53.03 on Friday. Verint Systems Inc. has a 1-year low of $41.46 and a 1-year high of $54.74. The firm has a 50-day simple moving average of $50.91 and a two-hundred day simple moving average of $49.71. 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 results on Tuesday, March 29th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Verint Systems had a net margin of 1.65% and a return on equity of 12.68%. The business had revenue of $234.17 million during the quarter, compared to analysts’ expectations of $231.77 million. During the same period last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts expect that Verint Systems Inc. will post 1.62 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. KRS Capital Management LLC acquired a new stake in shares of Verint Systems during the fourth quarter valued at about $36,000. Alpha Paradigm Partners LLC purchased a new position in shares of Verint Systems in the fourth quarter valued at approximately $65,000. Strs Ohio purchased a new position in shares of Verint Systems in the fourth quarter valued at approximately $78,000. Freemont Management S.A. purchased a new position in shares of Verint Systems in the third quarter valued at approximately $88,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Verint Systems in the fourth quarter valued at approximately $105,000.

Several equities research analysts recently issued reports on VRNT shares. Zacks Investment Research cut shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. The Goldman Sachs Group cut shares of 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. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Royal Bank of Canada raised their price objective 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. Finally, TheStreet cut shares of Verint Systems from a “b-” rating to a “c” rating 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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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