Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $376,740.00 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Verint Systems Stock Down 3.3 %

VRNT opened at $27.29 on Friday. 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 1 year low of $21.27 and a 1 year high of $38.17. The firm has a 50 day moving average price of $24.83 and a 200 day moving average price of $28.81. The company has a market cap of $1.70 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the period. Innealta Capital LLC acquired a new stake in Verint Systems during the 2nd quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems in the 2nd quarter valued at about $43,000. Quantbot Technologies LP acquired a new stake in shares of Verint Systems during the third quarter valued at about $58,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Verint Systems during the second quarter worth about $138,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRNT. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, December 5th. Evercore ISI cut their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Finally, Jefferies Financial Group increased their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.67.

About Verint Systems

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.