Grant A. Highlander Sells 3,389 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Verint Systems Trading Up 0.4 %

Shares of VRNT traded up $0.10 during mid-day trading on Tuesday, hitting $26.46. The company had a trading volume of 662,284 shares, compared to its average volume of 653,284. The business’s 50-day simple moving average is $31.75 and its 200-day simple moving average is $31.73. The stock has a market cap of $1.63 billion, a PE ratio of 55.13, a P/E/G ratio of 1.06 and a beta of 1.24. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRNT has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. TD Cowen lowered their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group reduced their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Verint Systems presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Stanley Laman Group Ltd. boosted its stake in Verint Systems by 0.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock valued at $4,008,000 after buying an additional 478 shares in the last quarter. Quarry LP lifted its stake in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Verint Systems by 4.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock worth $462,000 after purchasing an additional 584 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Verint Systems in the first quarter worth about $30,000. 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.