Verint Systems Inc. (VRNT) CFO Sells $468,839.10 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Douglas Robinson sold 9,635 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $48.66, for a total value of $468,839.10. Following the transaction, the chief financial officer now owns 177,942 shares of the company’s stock, valued at approximately $8,658,657.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Douglas Robinson also recently made the following trade(s):

  • On Tuesday, September 25th, Douglas Robinson sold 1,875 shares of Verint Systems stock. The stock was sold at an average price of $49.13, for a total value of $92,118.75.

Shares of VRNT traded down $0.99 during trading hours on Friday, reaching $47.42. 398,722 shares of the company’s stock traded hands, compared to its average volume of 346,385. The company has a market cap of $3.25 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65. Verint Systems Inc. has a 12 month low of $37.10 and a 12 month high of $52.45.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.14. The company had revenue of $306.30 million for the quarter, compared to analysts’ expectations of $295.84 million. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. Verint Systems’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. As a group, analysts predict that Verint Systems Inc. will post 2.23 earnings per share for the current year.

Several brokerages have commented on VRNT. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 9th. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Oppenheimer raised their target price on Verint Systems from $49.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, September 6th. ValuEngine upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Verint Systems presently has an average rating of “Hold” and a consensus price target of $54.30.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co LLC purchased a new position in shares of Verint Systems during the 2nd quarter valued at about $166,000. Strs Ohio increased its stake in Verint Systems by 60.0% in the 2nd quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock worth $177,000 after purchasing an additional 1,500 shares during the period. Sun Life Financial INC purchased a new position in Verint Systems in the 2nd quarter worth approximately $205,000. Dynamic Technology Lab Private Ltd purchased a new position in Verint Systems in the 1st quarter worth approximately $206,000. Finally, Virginia Retirement Systems ET AL purchased a new position in Verint Systems in the 1st quarter worth approximately $222,000. 94.68% of the stock is currently owned by institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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