Grant A. Highlander Sells 3,389 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Verint Systems Stock Down 1.0 %

VRNT stock opened at $26.20 on Thursday. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $38.17. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $31.67 and a 200-day simple moving average of $31.70. The stock has a market capitalization of $1.62 billion, a P/E ratio of 54.58, a P/E/G ratio of 1.12 and a beta of 1.24.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. Verint Systems’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. Equities analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. TD Cowen cut their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Jefferies Financial Group lowered their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRNT. Quarry LP raised its position in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after buying an additional 489 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Verint Systems during the 1st quarter valued at about $30,000. PNC Financial Services Group Inc. raised 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 acquiring an additional 917 shares during the last quarter. Innealta Capital LLC purchased a new position in Verint Systems in the 2nd quarter worth approximately $36,000. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.