Verint Systems Inc. (NASDAQ:VRNT – Get Rating) CFO Douglas Robinson sold 14,360 shares of the company's stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $38.13, for a total transaction of $547,546.80. Following the completion of the sale, the chief financial officer now directly owns 233,816 shares in the company, valued at approximately $8,915,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Verint Systems Price Performance
Verint Systems stock opened at $36.59 on Tuesday. Verint Systems Inc. has a 52-week low of $35.99 and a 52-week high of $56.39. The firm has a fifty day moving average of $45.35 and a 200-day moving average of $47.99. The firm has a market capitalization of $2.39 billion, a P/E ratio of -159.09, a PEG ratio of 1.63 and a beta of 0.81. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 0.49.
Get Verint Systems alerts:Verint Systems (NASDAQ:VRNT – Get Rating) last released its quarterly earnings data on Wednesday, September 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $225.98 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts predict that Verint Systems Inc. will post 1.52 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on VRNT shares. Wedbush reduced their price target on shares of Verint Systems from $65.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, September 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $61.00 price target on shares of Verint Systems in a report on Wednesday, June 8th. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Tuesday, August 23rd. Evercore ISI reduced their price target on shares of Verint Systems to $65.00 in a report on Thursday, June 9th. Finally, Royal Bank of Canada dropped their price target on shares of Verint Systems from $61.00 to $58.00 and set an "outperform" rating for the company in a research report on Thursday, September 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.40.Institutional Investors Weigh In On Verint Systems
Several large investors have recently made changes to their positions in VRNT. Macquarie Group Ltd. increased its position in shares of Verint Systems by 554.3% in the second quarter. Macquarie Group Ltd. now owns 1,255,002 shares of the technology company's stock worth $53,149,000 after acquiring an additional 1,063,190 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Verint Systems by 700.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,012,388 shares of the technology company's stock valued at $53,160,000 after purchasing an additional 885,982 shares during the period. Deutsche Bank AG boosted its stake in shares of Verint Systems by 61.4% in the second quarter. Deutsche Bank AG now owns 1,333,525 shares of the technology company's stock valued at $56,475,000 after purchasing an additional 507,146 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Verint Systems by 1,329.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 507,927 shares of the technology company's stock valued at $21,512,000 after purchasing an additional 472,393 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Verint Systems in the second quarter valued at $16,514,000.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Verint Systems (VRNT)
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