Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $62,045.58 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 2,062 shares of Verint Systems stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $62,045.58. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at approximately $2,480,679.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Verint Systems Trading Up 0.2 %

NASDAQ VRNT opened at $29.14 on Friday. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 100.49, a PEG ratio of 1.23 and a beta of 1.20. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. The business’s fifty day moving average is $31.08 and its 200-day moving average is $27.05.

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

Institutional Investors Weigh In On Verint Systems

Hedge funds have recently made changes to their positions in the business. Dark Forest Capital Management LP bought a new stake in shares of Verint Systems during the 1st quarter worth $35,000. PNC Financial Services Group Inc. raised its stake in Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after acquiring an additional 917 shares during the period. NBC Securities Inc. bought a new stake in Verint Systems in the 1st quarter valued at about $42,000. CWM LLC raised its stake in Verint Systems by 241.8% in the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after acquiring an additional 926 shares during the period. Finally, KBC Group NV bought a new stake in Verint Systems in the 4th quarter valued at about $43,000. 94.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on VRNT. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

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.