Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander Sells 3,389 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated 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 $3,393,251.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Verint Systems Price Performance

NASDAQ VRNT opened at $26.46 on Wednesday. The firm’s 50 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. The company has a market capitalization of $1.63 billion, a PE ratio of 55.13, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $38.17.

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

Wall Street Analysts Forecast Growth

VRNT has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. TD Cowen dropped their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VRNT. Quarry LP increased its position in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Verint Systems in the 1st quarter valued at approximately $30,000. PNC Financial Services Group Inc. grew its stake in shares of Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after buying an additional 917 shares in the last quarter. Innealta Capital LLC acquired a new position in Verint Systems during the second quarter worth $36,000. Finally, FinTrust Capital Advisors LLC raised its position in Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after acquiring an additional 754 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Company Profile

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.