Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) President Sells 7,160 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 7,160 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the transaction, the president now owns 139,251 shares of the company’s stock, valued at $3,599,638.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Verint Systems Price Performance

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

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VRNT shares. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. TD Cowen cut their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, Evercore ISI dropped their price objective on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Institutional Investors Weigh In On Verint Systems

A number of institutional investors have recently added to or reduced their stakes in VRNT. Quarry LP lifted its holdings in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after buying an additional 489 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after acquiring an additional 917 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Verint Systems in the 1st quarter worth $30,000. Innealta Capital LLC bought a new position in shares of Verint Systems during the 2nd quarter valued at about $36,000. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Company Profile

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.