Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander Sells 2,062 Shares

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 2,062 shares of Verint Systems stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the sale, the chief financial officer now owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Verint Systems Stock Up 0.2 %

VRNT stock opened at $29.14 on Friday. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.82 billion, a P/E ratio of 100.49, a PEG ratio of 1.23 and a beta of 1.20. The business’s 50-day moving average price is $31.08 and its 200-day moving average price is $27.05.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The firm had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. On average, equities research analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VRNT. Wellington Management Group LLP purchased a new position in shares of Verint Systems during the 4th quarter valued at about $34,172,000. Norges Bank purchased a new position in Verint Systems in the 4th quarter worth approximately $18,601,000. Victory Capital Management Inc. lifted its holdings in Verint Systems by 15.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock worth $160,549,000 after purchasing an additional 604,112 shares in the last quarter. BlackRock Inc. lifted its holdings in Verint Systems by 5.4% in the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock worth $196,882,000 after purchasing an additional 270,971 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Verint Systems by 34.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock worth $39,668,000 after purchasing an additional 242,014 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

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.