Verint Systems Inc. (NASDAQ:VRNT) Insider Peter Fante Sells 14,598 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNTGet Rating) insider Peter Fante sold 14,598 shares of Verint Systems stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $38.13, for a total value of $556,621.74. Following the completion of the sale, the insider now owns 48,452 shares of the company’s stock, valued at approximately $1,847,474.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Peter Fante also recently made the following trade(s):

  • On Thursday, July 7th, Peter Fante sold 6,289 shares of Verint Systems stock. The shares were sold at an average price of $43.38, for a total value of $272,816.82.

Verint Systems Stock Performance

Verint Systems stock opened at $36.59 on Tuesday. The stock’s 50 day moving average price is $45.35 and its 200 day moving average price is $47.99. The firm has a market capitalization 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 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 one year low of $35.99 and a one year high of $56.39.

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

Hedge Funds Weigh In On Verint Systems

Institutional investors have recently made changes to their positions in the business. KRS Capital Management LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at approximately $36,000. Pinebridge Investments L.P. raised its position in shares of Verint Systems by 357.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 914 shares of the technology company’s stock valued at $39,000 after purchasing an additional 714 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Verint Systems in the 2nd quarter valued at approximately $41,000. Alpha Paradigm Partners LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at approximately $65,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Verint Systems in the 2nd quarter valued at approximately $81,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VRNT shares. Royal Bank of Canada reduced their price objective on Verint Systems from $61.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, September 8th. StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Evercore ISI reduced their price objective on Verint Systems to $65.00 in a research note on Thursday, June 9th. Wedbush reduced their price objective on 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 reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Verint Systems in a research note on Wednesday, June 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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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