Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $17,206.10 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 730 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $23.57, for a total value of $17,206.10. Following the transaction, the chief financial officer now owns 85,092 shares in the company, valued at approximately $2,005,618.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Verint Systems Trading Up 2.1 %

Shares of NASDAQ VRNT traded up $0.51 during trading on Tuesday, hitting $24.73. 904,878 shares of the company traded hands, compared to its average volume of 484,056. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.59 billion, a P/E ratio of -242.68, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a 50-day moving average price of $33.50 and a 200-day moving average price of $35.16. Verint Systems Inc. has a 1 year low of $23.51 and a 1 year high of $40.71.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.09). Verint Systems had a return on equity of 15.48% and a net margin of 1.61%. The firm had revenue of $210.20 million during the quarter, compared to analysts’ expectations of $225.10 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities analysts predict that Verint Systems Inc. will post 1.75 EPS for the current year.

Institutional Trading of Verint Systems

Several large investors have recently added to or reduced their stakes in VRNT. Raymond James & Associates grew its stake in shares of Verint Systems by 12.1% in the first quarter. Raymond James & Associates now owns 7,821 shares of the technology company’s stock valued at $404,000 after buying an additional 843 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Verint Systems by 53.6% during the first quarter. MetLife Investment Management LLC now owns 34,707 shares of the technology company’s stock valued at $1,794,000 after purchasing an additional 12,108 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Verint Systems by 14.5% during the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after purchasing an additional 438 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Verint Systems by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,415,021 shares of the technology company’s stock valued at $73,156,000 after purchasing an additional 24,335 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Verint Systems during the 1st quarter valued at $2,533,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VRNT shares. Oppenheimer downgraded Verint Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Royal Bank of Canada decreased their target price on Verint Systems from $46.00 to $38.00 and set an “outperform” rating on the stock in a research report on Thursday, September 7th. Jefferies Financial Group cut their price target on Verint Systems from $40.00 to $25.00 in a research note on Friday, September 8th. Needham & Company LLC reduced their price target on shares of Verint Systems from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. Finally, StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.