Verint Systems Sees Unusually Large Options Volume (VRNT)

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Verint Systems Inc. (NASDAQ:VRNT) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 1,242 call options on the stock. This represents an increase of approximately 1,903% compared to the typical volume of 62 call options.

NASDAQ VRNT opened at $61.17 on Thursday. Verint Systems has a 12-month low of $39.96 and a 12-month high of $63.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market capitalization of $4.03 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.18.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. The business had revenue of $330.20 million during the quarter, compared to the consensus estimate of $332.54 million. During the same quarter last year, the firm posted $1.05 EPS. Verint Systems’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts expect that Verint Systems will post 2.75 earnings per share for the current year.

In other news, insider Elan Moriah sold 5,514 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $63.20, for a total transaction of $348,484.80. Following the completion of the sale, the insider now owns 82,108 shares of the company’s stock, valued at approximately $5,189,225.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas Robinson sold 8,252 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $62.46, for a total transaction of $515,419.92. Following the sale, the chief financial officer now directly owns 169,078 shares of the company’s stock, valued at approximately $10,560,611.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,724 shares of company stock valued at $6,756,296. Company insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Verint Systems during the 4th quarter worth $34,750,000. SQN Investors LP purchased a new position in Verint Systems during the 1st quarter worth $45,784,000. Victory Capital Management Inc. boosted its holdings in Verint Systems by 58.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock worth $85,083,000 after acquiring an additional 745,179 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Verint Systems by 52.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock worth $113,847,000 after acquiring an additional 651,314 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Verint Systems by 56.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 690,694 shares of the technology company’s stock worth $29,223,000 after acquiring an additional 249,617 shares during the last quarter. 94.42% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on VRNT. Jefferies Financial Group raised their price objective on shares of Verint Systems from $66.00 to $72.00 and gave the stock a “positive” rating in a research report on Thursday, April 11th. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $63.00) on shares of Verint Systems in a research report on Tuesday. Imperial Capital raised their price objective on shares of Verint Systems from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Finally, Oppenheimer raised their price objective on shares of Verint Systems from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Verint Systems presently has a consensus rating of “Buy” and a consensus target price of $63.57.

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Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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