Dan Bodner Sells 16,932 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, June 20th, Dan Bodner sold 375,000 shares of Verint Systems stock. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00.

Verint Systems Price Performance

NASDAQ:VRNT opened at $26.20 on Thursday. Verint Systems Inc. has a one year low of $18.41 and a one year high of $38.17. The stock has a market cap of $1.62 billion, a PE ratio of 54.58, a P/E/G ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a 50 day moving average price of $31.67 and a 200 day moving average price of $31.70.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in VRNT. Vanguard Group Inc. grew its position in Verint Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after acquiring an additional 185,105 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after purchasing an additional 232,499 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Verint Systems by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after purchasing an additional 73,441 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the 4th quarter worth about $34,172,000. Finally, Global Alpha Capital Management Ltd. raised its holdings in Verint Systems by 23.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock valued at $32,099,000 after buying an additional 182,800 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, September 5th. Evercore ISI lowered their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

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.