Peter Fante Sells 9,439 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company’s stock, valued at $337,425. This represents a 31.58 % 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 Performance

Shares of VRNT opened at $15.96 on Thursday. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $23.71. The firm has a market capitalization of $991.72 million, a P/E ratio of 16.98, a P/E/G ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 earnings per share. Equities analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VRNT has been the subject of several research analyst reports. Needham & Company LLC decreased their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Evercore ISI reduced their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada decreased their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Wedbush cut their target price on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRNT. Marshall Wace LLP purchased a new stake in Verint Systems in the 4th quarter valued at about $22,528,000. Arrowstreet Capital Limited Partnership increased its position in shares of Verint Systems by 491.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company’s stock valued at $20,985,000 after acquiring an additional 635,334 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in shares of Verint Systems during the fourth quarter valued at approximately $14,653,000. Global Alpha Capital Management Ltd. lifted its holdings in Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after acquiring an additional 486,000 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Verint Systems by 48.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company’s stock worth $34,683,000 after purchasing an additional 412,655 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.