Verint Systems Inc. (NASDAQ:VRNT – Get Rating) CEO Dan Bodner sold 81,740 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $38.13, for a total value of $3,116,746.20. Following the transaction, the chief executive officer now owns 1,060,152 shares in the company, valued at $40,423,595.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Verint Systems Stock Down 1.5 %
NASDAQ VRNT traded down $0.55 during trading hours on Monday, reaching $36.59. 495,153 shares of the company were exchanged, compared to its average volume of 486,144. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.30 and a current ratio of 1.31. Verint Systems Inc. has a 1 year low of $35.99 and a 1 year high of $56.39. The business's 50 day simple moving average is $45.48 and its 200-day simple moving average is $48.08.
Get Verint Systems alerts:Verint Systems (NASDAQ:VRNT – Get Rating) last posted its quarterly earnings results on Wednesday, September 7th. The technology company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Verint Systems had a net margin of 0.72% and a return on equity of 12.80%. The company had revenue of $223.63 million for the quarter, compared to analysts' expectations of $225.98 million. During the same quarter in the previous year, the firm posted $0.34 EPS. Verint Systems's revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that Verint Systems Inc. will post 1.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Verint Systems
Several large investors have recently added to or reduced their stakes in VRNT. Brown Advisory Inc. boosted its position in Verint Systems by 12.0% during the second quarter. Brown Advisory Inc. now owns 5,758 shares of the technology company's stock worth $244,000 after purchasing an additional 616 shares during the period. Verition Fund Management LLC bought a new stake in Verint Systems during the 2nd quarter valued at $377,000. Legal & General Group Plc boosted its holdings in shares of Verint Systems by 3.0% in the second quarter. Legal & General Group Plc now owns 60,135 shares of the technology company's stock worth $2,547,000 after acquiring an additional 1,724 shares during the period. ExodusPoint Capital Management LP increased its position in shares of Verint Systems by 27.4% during the second quarter. ExodusPoint Capital Management LP now owns 18,330 shares of the technology company's stock valued at $776,000 after buying an additional 3,940 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Verint Systems by 34.8% in the second quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company's stock worth $39,668,000 after buying an additional 242,014 shares in the last quarter.Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VRNT. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Tuesday, August 23rd. Evercore ISI dropped their price objective on Verint Systems to $65.00 in a research note on Thursday, June 9th. Needham & Company LLC reissued a "buy" rating and set a $61.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Wedbush reduced their price objective on shares of Verint Systems from $65.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, September 8th. Finally, Royal Bank of Canada dropped their target price on shares of Verint Systems from $61.00 to $58.00 and set an "outperform" rating on the stock in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.40.
Verint Systems Company Profile
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Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.
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