Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Insider Sells 14,598 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNTGet Rating) insider Peter Fante sold 14,598 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $38.13, for a total value of $556,621.74. Following the sale, the insider now directly owns 48,452 shares of the company’s stock, valued at $1,847,474.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, July 7th, Peter Fante sold 6,289 shares of Verint Systems stock. The shares were sold at an average price of $43.38, for a total value of $272,816.82.

Verint Systems Price Performance

Shares of NASDAQ:VRNT opened at $36.59 on Tuesday. The business has a 50 day moving average price of $45.35 and a 200 day moving average price of $47.99. Verint Systems Inc. has a twelve month low of $35.99 and a twelve month high of $56.39. The company has a market cap of $2.39 billion, a price-to-earnings ratio of -159.09, a PEG ratio of 1.63 and a beta of 0.81. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNTGet Rating) last announced its earnings results on Wednesday, September 7th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. Verint Systems had a return on equity of 12.80% and a net margin of 0.72%. The firm had revenue of $223.63 million during the quarter, compared to the consensus estimate of $225.98 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict that Verint Systems Inc. will post 1.52 earnings per share for the current year.

Institutional Trading of Verint Systems

Several hedge funds have recently added to or reduced their stakes in VRNT. Brown Advisory Inc. lifted its position in shares of Verint Systems by 12.0% in the 2nd quarter. Brown Advisory Inc. now owns 5,758 shares of the technology company’s stock worth $244,000 after acquiring an additional 616 shares during the period. Verition Fund Management LLC bought a new stake in shares of Verint Systems in the 2nd quarter worth approximately $377,000. Legal & General Group Plc lifted its position in shares of Verint Systems by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 60,135 shares of the technology company’s stock worth $2,547,000 after acquiring an additional 1,724 shares during the period. ExodusPoint Capital Management LP lifted its position in shares of Verint Systems by 27.4% in the 2nd quarter. ExodusPoint Capital Management LP now owns 18,330 shares of the technology company’s stock worth $776,000 after acquiring an additional 3,940 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Verint Systems by 34.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock worth $39,668,000 after acquiring an additional 242,014 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VRNT shares. Evercore ISI reduced their target price on Verint Systems to $65.00 in a report on Thursday, June 9th. Wedbush dropped their price target on Verint Systems from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 8th. StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Royal Bank of Canada dropped their target price on Verint Systems from $61.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, September 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.40.

About Verint Systems

(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; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.

Further Reading

Insider Buying and Selling by Quarter for Verint Systems (NASDAQ:VRNT)

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