Verint Systems Inc. (NASDAQ:VRNT) CFO Sells 12,880 Shares

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Verint Systems Trading Down 3.3 %

Verint Systems stock traded down $0.92 during trading on Thursday, reaching $27.29. 733,319 shares of the company were exchanged, compared to its average volume of 714,951. The stock’s 50 day simple moving average is $24.75 and its two-hundred day simple moving average is $28.82. The company has a market capitalization of $1.70 billion, a P/E ratio of 29.03, a PEG ratio of 1.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Thursday, December 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. TD Cowen decreased their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, December 5th. Finally, Jefferies Financial Group increased their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in Verint Systems by 26.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after purchasing an additional 317,804 shares during the last quarter. Victory Capital Management Inc. grew its stake in Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after purchasing an additional 227,000 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Verint Systems by 35.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock valued at $26,242,000 after purchasing an additional 211,570 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in shares of Verint Systems in the third quarter valued at about $5,083,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.