Peter Fante Sells 4,331 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 4,331 shares of Verint Systems stock in a transaction dated Tuesday, January 11th. The shares were sold at an average price of $52.93, for a total value of $229,239.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ:VRNT opened at $53.60 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.43 and a quick ratio of 1.41. The business has a 50 day moving average of $49.86 and a 200 day moving average of $46.26. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -206.15, a PEG ratio of 2.59 and a beta of 0.85. Verint Systems Inc. has a 1-year low of $35.06 and a 1-year high of $54.32.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Thursday, December 2nd. The technology company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.16. The business had revenue of $224.82 million for the quarter, compared to analysts’ expectations of $218.22 million. Verint Systems had a positive return on equity of 13.75% and a negative net margin of 0.09%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that Verint Systems Inc. will post 1.48 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Dark Forest Capital Management LP purchased a new position in Verint Systems in the 2nd quarter worth approximately $29,000. William Blair Investment Management LLC purchased a new position in Verint Systems in the 2nd quarter worth approximately $89,000. Freemont Management S.A. purchased a new position in Verint Systems in the 3rd quarter worth approximately $88,000. Maverick Capital Ltd. purchased a new position in Verint Systems in the 3rd quarter worth approximately $150,000. Finally, Caxton Associates LP purchased a new position in shares of Verint Systems during the third quarter valued at approximately $202,000. 99.20% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Verint Systems from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $61.00 target price on shares of Verint Systems in a research report on Friday, December 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Verint Systems currently has an average rating of “Buy” and an average price target of $63.57.

About Verint Systems

Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.

Further Reading: Do equity income investments outperform growth and income investments?

Insider Buying and Selling by Quarter for Verint Systems (NASDAQ:VRNT)

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.