Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) CEO Sells $12,660,000.00 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the sale, the chief executive officer now directly owns 609,764 shares in the company, valued at $20,585,632.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dan Bodner also recently made the following trade(s):

• On Tuesday, April 23rd, Dan Bodner sold 35,039 shares of Verint Systems stock. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00.
• On Monday, April 15th, Dan Bodner sold 44,335 shares of Verint Systems stock. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15.

Verint Systems Price Performance

Verint Systems stock opened at $31.02 on Thursday. The firm has a market cap of $1.91 billion, a P/E ratio of 64.63, a P/E/G ratio of 1.41 and a beta of 1.21. The stock’s 50 day moving average is $32.15 and its 200 day moving average is $30.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.34 and a quick ratio of 1.30. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. The company had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. As a group, research analysts expect that Verint Systems Inc. will post 1.99 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, June 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Wednesday, June 5th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Institutional Trading of Verint Systems

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Verint Systems by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 591,511 shares of the technology company’s stock valued at $13,599,000 after purchasing an additional 24,473 shares during the period. Rhumbline Advisers lifted its stake in Verint Systems by 2.4% in the third quarter. Rhumbline Advisers now owns 97,040 shares of the technology company’s stock valued at $2,231,000 after buying an additional 2,258 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Verint Systems by 30.3% during the 3rd quarter. Rafferty Asset Management LLC now owns 24,476 shares of the technology company’s stock worth $563,000 after buying an additional 5,688 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Verint Systems by 90.8% during the 3rd quarter. Federated Hermes Inc. now owns 164,979 shares of the technology company’s stock worth $3,793,000 after buying an additional 78,521 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of Verint Systems during the 3rd quarter worth approximately $201,000. Institutional investors own 94.95% of the company’s stock.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.