Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner Sells 35,039 Shares

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 35,039 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at $29,752,440. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Dan Bodner also recently made the following trade(s):

• On Monday, April 15th, Dan Bodner sold 44,335 shares of Verint Systems stock. The shares were sold at an average price of $30.09, for a total value of $1,334,040.15.
• On Wednesday, March 20th, Dan Bodner sold 33,472 shares of Verint Systems stock. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88.
• On Friday, January 26th, Dan Bodner sold 68,372 shares of Verint Systems stock. The shares were sold at an average price of $30.00, for a total value of $2,051,160.00.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $31.04 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The firm has a market capitalization of $1.94 billion, a PE ratio of 107.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The stock’s 50-day simple moving average is $31.00 and its 200-day simple moving average is $27.26.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The business had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. As a group, equities research analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently made changes to their positions in VRNT. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 764.2% during 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. CWM LLC raised its position in shares of Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after acquiring an additional 926 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Verint Systems during the 1st quarter worth about $42,000. Quest Partners LLC acquired a new stake in shares of Verint Systems during the 4th quarter worth about $68,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Verint Systems during the 3rd quarter worth about $117,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.