Peter Fante Sells 6,330 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,330 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $163,630.50. Following the sale, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Verint Systems Price Performance

VRNT stock opened at $26.46 on Wednesday. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $38.17. The company has a market cap of $1.63 billion, a P/E ratio of 55.13, a PEG ratio of 1.06 and a beta of 1.24. The firm has a 50-day moving average of $31.75 and a 200 day moving average of $31.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same period in the previous year, the company earned $0.22 earnings per share. Verint Systems’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Verint Systems

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP increased its stake in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after purchasing an additional 489 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 764.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Verint Systems during the first quarter valued at approximately $30,000. Innealta Capital LLC bought a new position in shares of Verint Systems during the second quarter valued at approximately $36,000. Finally, FinTrust Capital Advisors LLC increased its stake in shares of Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. Jefferies Financial Group lowered their price objective on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on shares of 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. Finally, TD Cowen lowered their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.