Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) President Sells $297,289.20 in Stock

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 9,880 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $297,289.20. Following the completion of the transaction, the president now directly owns 91,877 shares in the company, valued at $2,764,578.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Elan Moriah also recently made the following trade(s):

• On Monday, April 1st, Elan Moriah sold 14,353 shares of Verint Systems stock. The shares were sold at an average price of $32.62, for a total transaction of $468,194.86.

Verint Systems Price Performance

Verint Systems stock opened at $29.14 on Friday. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week 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 firm’s 50-day simple moving average is $31.08 and its 200 day simple moving average is $27.05. The firm has a market capitalization of $1.82 billion, a PE ratio of 100.49, a P/E/G ratio of 1.23 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last released 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. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. The business had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. On average, equities research analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Verint Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dark Forest Capital Management LP purchased a new position in Verint Systems in the 1st quarter valued at about $35,000. PNC Financial Services Group Inc. lifted its holdings in 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 valued at $28,000 after purchasing an additional 917 shares in the last quarter. NBC Securities Inc. purchased a new position in Verint Systems in the 1st quarter valued at about $42,000. CWM LLC lifted its holdings in Verint Systems by 241.8% in the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after purchasing an additional 926 shares in the last quarter. Finally, KBC Group NV purchased a new position in Verint Systems in the 4th quarter valued at about $43,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.