Verint Systems Target of Unusually High Options Trading (NASDAQ:VRNT)

Verint Systems Inc. (NASDAQ:VRNT) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 4,564 call options on the stock. This is an increase of approximately 402% compared to the typical daily volume of 910 call options.

Insider Activity at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the transaction, the insider owned 20,450 shares of the company’s stock, valued at approximately $337,425. This represents a 31.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director directly owned 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Verint Systems during the 1st quarter worth about $29,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Verint Systems by 148.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company’s stock valued at $38,826,000 after buying an additional 1,299,085 shares during the last quarter. Caxton Associates LLP purchased a new position in Verint Systems during the first quarter worth about $479,000. Goldman Sachs Group Inc. increased its position in shares of Verint Systems by 6.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,589,770 shares of the technology company’s stock valued at $28,377,000 after acquiring an additional 93,118 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Verint Systems during the first quarter valued at about $572,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Cowen reiterated a “buy” rating on shares of Verint Systems in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Evercore ISI dropped their target price on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research report on Thursday, March 27th. Finally, Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Verint Systems Stock Performance

Shares of NASDAQ VRNT opened at $21.16 on Friday. The firm has a fifty day moving average of $18.02 and a 200 day moving average of $21.14. The firm has a market cap of $1.27 billion, a PE ratio of 25.80, a PEG ratio of 0.86 and a beta of 1.43. Verint Systems has a one year low of $14.15 and a one year high of $37.31.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The firm had revenue of $173.62 million during the quarter, compared to analysts’ expectations of $194.61 million. During the same quarter last year, the business earned $0.59 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Verint Systems will post 1.92 EPS for the current fiscal year.

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.