Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah Sells 7,160 Shares

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 7,160 shares of Verint Systems stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now directly owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Verint Systems Trading Up 0.4 %

Shares of 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 firm has a fifty day moving average price of $31.75 and a 200-day moving average price 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. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 55.13, a PEG ratio of 1.06 and a beta of 1.24.

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

Analyst Ratings Changes

A number of research firms have commented on VRNT. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group cut their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. TD Cowen cut their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Verint Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after buying an additional 185,105 shares during the period. Victory Capital Management Inc. boosted its holdings in Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Verint Systems by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after buying an additional 73,441 shares during the period. Wellington Management Group LLP bought a new position in Verint Systems in the 4th quarter worth $34,172,000. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Verint Systems by 23.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock worth $32,099,000 after buying an additional 182,800 shares during the period. 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.