Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Director Sells 2,744 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) Director Stephen J. Gold sold 2,744 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. This trade represents a 8.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Verint Systems Stock Performance

Verint Systems stock traded up $0.44 during midday trading on Monday, reaching $16.32. 1,113,685 shares of the company’s stock were exchanged, compared to its average volume of 771,884. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $38.17. The stock’s 50-day simple moving average is $21.52 and its 200 day simple moving average is $23.88. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.97 and a beta of 1.31.

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

Institutional Trading of Verint Systems

Large investors have recently modified their holdings of the stock. Clark Capital Management Group Inc. boosted its position in shares of Verint Systems by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock worth $3,909,000 after acquiring an additional 515 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the last quarter. Philadelphia Trust Co. lifted its stake in Verint Systems by 0.9% during the fourth quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock worth $2,932,000 after purchasing an additional 1,000 shares during the last quarter. Swiss National Bank increased its stake in shares of Verint Systems by 1.2% in the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock valued at $3,346,000 after purchasing an additional 1,400 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRNT. Royal Bank of Canada reduced their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC lowered their target price on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 27th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Evercore ISI dropped their price objective 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. Finally, Wedbush reduced their target price on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems currently has an average rating of “Moderate Buy” and a consensus target price of $30.33.

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.