Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $87,605.65 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Verint Systems Trading Down 0.4 %

Shares of VRNT stock opened at $26.10 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The business has a 50-day moving average of $31.58 and a 200 day moving average of $31.66. The stock has a market capitalization of $1.62 billion, a PE ratio of 54.38, a P/E/G ratio of 1.12 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.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share 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 for the quarter, compared to analysts’ expectations of $212.81 million. During the same period last year, the company posted $0.22 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VRNT shares. Jefferies Financial Group lowered their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. TD Cowen decreased their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently added to or reduced their stakes in VRNT. Vanguard Group Inc. raised its stake in shares of Verint Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after acquiring an additional 185,105 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after purchasing an additional 232,499 shares during the period. Dimensional Fund Advisors LP increased its holdings in Verint Systems by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock valued at $61,792,000 after purchasing an additional 73,441 shares during the period. Wellington Management Group LLP bought a new position in Verint Systems during the 4th quarter valued at approximately $34,172,000. Finally, Global Alpha Capital Management Ltd. lifted its holdings in Verint Systems by 23.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock worth $32,099,000 after buying an additional 182,800 shares during the period. Institutional investors own 94.95% of the company’s stock.

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.