Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) CEO Sells $351,808.80 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 7,224 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $48.70, for a total transaction of $351,808.80. Following the sale, the chief executive officer now owns 816,759 shares in the company, valued at approximately $39,776,163.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Verint Systems stock opened at $47.52 on Thursday. The firm has a 50 day simple moving average of $46.76 and a 200-day simple moving average of $44.26. Verint Systems Inc. has a 1-year low of $32.44 and a 1-year high of $59.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.24. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 198.00, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 9th. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.37. Verint Systems had a net margin of 1.51% and a return on equity of 13.19%. The company had revenue of $313.40 million for the quarter, compared to analyst estimates of $299.41 million. During the same period in the prior year, the business earned $0.82 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts expect that Verint Systems Inc. will post 2.02 earnings per share for the current fiscal year.

A number of analysts recently commented on the company. Needham & Company LLC upped their price objective on Verint Systems from $53.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, September 16th. BidaskClub lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Imperial Capital lowered their price objective on Verint Systems from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. Finally, TheStreet raised Verint Systems from a “c” rating to a “b-” rating in a research note on Thursday, September 10th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.25.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Verint Systems by 3.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,224 shares of the technology company’s stock worth $483,000 after buying an additional 398 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in Verint Systems by 392.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 783 shares of the technology company’s stock valued at $35,000 after buying an additional 624 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in Verint Systems by 106.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,343 shares of the technology company’s stock valued at $61,000 after buying an additional 694 shares during the last quarter. Van ECK Associates Corp grew its holdings in Verint Systems by 3.5% during the 1st quarter. Van ECK Associates Corp now owns 20,472 shares of the technology company’s stock valued at $880,000 after buying an additional 699 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in Verint Systems by 8.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 34,606 shares of the technology company’s stock valued at $1,563,000 after buying an additional 2,819 shares during the last quarter. 95.94% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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

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