Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) President Sells 9,880 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 9,880 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $297,289.20. Following the completion of the sale, the president now owns 91,877 shares in the company, valued at $2,764,578.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Elan Moriah also recently made the following trade(s):

• On Monday, April 1st, Elan Moriah sold 14,353 shares of Verint Systems stock. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86.

Verint Systems Trading Up 0.2 %

NASDAQ:VRNT opened at $29.14 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The stock’s 50-day moving average is $31.08 and its two-hundred day moving average is $27.05. The stock has a market cap of $1.82 billion, a PE ratio of 100.49, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The company had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. As a group, equities research analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VRNT shares. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently bought and sold shares of VRNT. Vanguard Group Inc. grew its stake in shares of Verint Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after buying an additional 73,592 shares in the last quarter. BlackRock Inc. grew its stake in shares of Verint Systems by 5.4% in the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after buying an additional 270,971 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Verint Systems by 15.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after buying an additional 604,112 shares in the last quarter. RGM Capital LLC grew its stake in shares of Verint Systems by 1.4% in the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after buying an additional 42,732 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after buying an additional 154,285 shares in the last quarter. Hedge funds and other 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.