Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah Sells 23,045 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNTGet Rating) President Elan Moriah sold 23,045 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $38.13, for a total transaction of $878,705.85. Following the completion of the transaction, the president now directly owns 119,876 shares of the company’s stock, valued at $4,570,871.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $36.59 on Tuesday. The firm has a market cap of $2.39 billion, a PE ratio of -159.09, a price-to-earnings-growth ratio of 1.63 and a beta of 0.81. The firm’s 50-day simple moving average is $45.35 and its 200-day simple moving average is $47.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.30 and a current ratio of 1.31. Verint Systems Inc. has a 1 year low of $35.99 and a 1 year high of $56.39.

Verint Systems (NASDAQ:VRNTGet Rating) last released its quarterly earnings data on Wednesday, September 7th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $223.63 million for the quarter, compared to analyst estimates of $225.98 million. Verint Systems had a net margin of 0.72% and a return on equity of 12.80%. Verint Systems’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts forecast that Verint Systems Inc. will post 1.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verint Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Virginia Retirement Systems ET AL acquired a new stake in Verint Systems during the first quarter worth about $429,000. KRS Capital Management LLC acquired a new stake in shares of Verint Systems in the fourth quarter valued at approximately $36,000. GSA Capital Partners LLP bought a new stake in shares of Verint Systems during the fourth quarter valued at approximately $301,000. Alpha Paradigm Partners LLC acquired a new position in shares of Verint Systems during the fourth quarter worth approximately $65,000. Finally, Geode Capital Management LLC grew its holdings in Verint Systems by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,140,499 shares of the technology company’s stock worth $59,887,000 after buying an additional 4,056 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Evercore ISI decreased their price objective on shares of Verint Systems to $65.00 in a research report on Thursday, June 9th. Royal Bank of Canada cut their target price on shares of Verint Systems from $61.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, September 8th. Wedbush cut their target price on shares of Verint Systems from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $61.00 target price on shares of Verint Systems in a research note on Wednesday, June 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.40.

Verint Systems Company Profile

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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; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.

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Insider Buying and Selling by Quarter for Verint Systems (NASDAQ:VRNT)

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