Verint Systems Inc. (NASDAQ:VRNT) Insider Sells $155,743.50 in Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 9,439 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the transaction, the insider now directly owns 20,450 shares of the company’s stock, valued at $337,425. The trade was a 31.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Verint Systems Price Performance

VRNT stock opened at $15.99 on Friday. The company has a market cap of $993.59 million, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $23.64. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The business had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. As a group, research analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

VRNT has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Evercore ISI cut their price target on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. Wedbush decreased their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Needham & Company LLC dropped their target price on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Hedge Funds Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Verint Systems by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company’s stock valued at $68,054,000 after purchasing an additional 338,454 shares in the last quarter. Global Alpha Capital Management Ltd. raised its holdings in shares of Verint Systems by 39.5% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after buying an additional 486,000 shares during the period. Senvest Management LLC lifted its position in Verint Systems by 9.1% during the 4th quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company’s stock worth $43,298,000 after acquiring an additional 132,102 shares in the last quarter. State Street Corp boosted its holdings in Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after acquiring an additional 23,400 shares during the period. Finally, Geode Capital Management LLC grew its position in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after acquiring an additional 4,034 shares in the last quarter. Institutional investors and hedge funds 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.