Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $87,605.65 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Verint Systems Stock Up 0.4 %

NASDAQ:VRNT traded up $0.10 on Tuesday, hitting $26.46. The stock had a trading volume of 662,284 shares, compared to its average volume of 653,284. The company has a market cap of $1.63 billion, a PE ratio of 55.13, a P/E/G ratio of 1.06 and a beta of 1.24. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $38.17. The business’s fifty day moving average is $31.75 and its 200 day moving average is $31.73. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, equities research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Jefferies Financial Group lowered their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Finally, TD Cowen decreased their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Verint Systems by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock worth $16,663,000 after buying an additional 24,952 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Verint Systems by 210.0% during the fourth quarter. Teacher Retirement System of Texas now owns 27,894 shares of the technology company’s stock worth $754,000 after purchasing an additional 18,895 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Verint Systems in the 4th quarter worth about $980,000. Brown Advisory Inc. bought a new position in shares of Verint Systems during the 4th quarter valued at about $292,000. Finally, Norges Bank purchased a new position in shares of Verint Systems during the 4th quarter valued at about $18,601,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.