Peter Fante Sells 6,330 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the transaction, the insider now directly owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Verint Systems Trading Down 1.0 %

Shares of Verint Systems stock opened at $26.20 on Thursday. The firm’s 50 day moving average is $31.67 and its 200 day moving average is $31.70. The firm has a market capitalization of $1.62 billion, a PE ratio of 54.58, a price-to-earnings-growth 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. The company has a current ratio of 1.41, a quick ratio of 1.36 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 for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same period in the previous year, the firm posted $0.22 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Verint Systems

Large investors have recently bought and sold shares of the company. Quarry LP grew its holdings in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Verint Systems during the 1st quarter worth approximately $30,000. PNC Financial Services Group Inc. increased its position 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 period. Innealta Capital LLC acquired a new position in Verint Systems in the 2nd quarter valued at approximately $36,000. Finally, FinTrust Capital Advisors LLC raised its stake 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 valued at $39,000 after acquiring an additional 754 shares during the last quarter. 94.95% of the stock is currently owned by 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.