Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,603 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $49.65, for a total value of $327,838.95. Following the completion of the transaction, the insider now directly owns 135,552 shares in the company, valued at approximately $6,730,156.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Peter Fante also recently made the following trade(s):
- On Wednesday, September 12th, Peter Fante sold 20,663 shares of Verint Systems stock. The stock was sold at an average price of $48.71, for a total value of $1,006,494.73.
Shares of NASDAQ:VRNT traded down $0.99 during mid-day trading on Friday, reaching $47.42. 398,722 shares of the stock were exchanged, compared to its average volume of 346,385. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 1.57. The company has a market cap of $3.25 billion, a PE ratio of 26.79, a PEG ratio of 2.25 and a beta of 1.03. Verint Systems Inc. has a one year low of $37.10 and a one year high of $52.45.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.14. The business had revenue of $306.30 million during the quarter, compared to the consensus estimate of $295.84 million. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. Verint Systems’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, research analysts predict that Verint Systems Inc. will post 2.23 earnings per share for the current fiscal year.
VRNT has been the topic of a number of research analyst reports. Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 9th. Royal Bank of Canada raised their price target on Verint Systems to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. raised their price target on Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. They noted that the move was a valuation call. BidaskClub lowered Verint Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Finally, Oppenheimer raised their price target on Verint Systems from $49.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $54.30.
Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of Verint Systems by 1.8% during the second quarter. Rhumbline Advisers now owns 65,825 shares of the technology company’s stock worth $2,919,000 after buying an additional 1,178 shares in the last quarter. Zacks Investment Management grew its stake in Verint Systems by 1.2% in the second quarter. Zacks Investment Management now owns 99,017 shares of the technology company’s stock valued at $4,391,000 after purchasing an additional 1,179 shares in the last quarter. Strs Ohio grew its stake in Verint Systems by 60.0% in the second quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock valued at $177,000 after purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Verint Systems by 27.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,239 shares of the technology company’s stock valued at $410,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Verint Systems by 31.7% in the first quarter. Principal Financial Group Inc. now owns 8,878 shares of the technology company’s stock valued at $378,000 after purchasing an additional 2,135 shares in the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.
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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