Verint Systems (NASDAQ:VRNT) Trading Up 4.6%

Verint Systems Inc. (NASDAQ:VRNTGet Free Report)’s share price shot up 4.6% on Thursday . The company traded as high as $36.35 and last traded at $36.32. 391,123 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 557,094 shares. The stock had previously closed at $34.72.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRNT. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Wednesday. Finally, TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

View Our Latest Analysis on Verint Systems

Verint Systems Stock Up 1.1 %

The company has a market cap of $2.27 billion, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50 day moving average of $31.02 and a 200-day moving average of $29.50.

Verint Systems (NASDAQ:VRNTGet Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. On average, equities analysts predict that Verint Systems Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling at Verint Systems

In other news, CEO Dan Bodner sold 33,472 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at approximately $26,929,112.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Verint Systems news, President Elan Moriah sold 14,353 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the sale, the president now owns 79,953 shares in the company, valued at $2,608,066.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dan Bodner sold 33,472 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the completion of the transaction, the chief executive officer now owns 860,630 shares in the company, valued at approximately $26,929,112.70. The disclosure for this sale can be found here. Insiders have sold 158,988 shares of company stock worth $4,873,715 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Institutional investors have recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in shares of Verint Systems during the first quarter valued at about $30,000. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after acquiring an additional 917 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in shares of Verint Systems by 173.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares during the period. NBC Securities Inc. bought a new stake in shares of Verint Systems during the first quarter valued at approximately $42,000. Finally, CWM LLC boosted its position in shares of Verint Systems by 61.2% during the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after purchasing an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Company Profile

(Get Free Report)

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.

Further Reading

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