Verint Systems Inc. (NASDAQ:VRNT – Get Rating) President Elan Moriah sold 23,045 shares of the business's stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $38.13, for a total value of $878,705.85. Following the transaction, the president now owns 119,876 shares of the company's stock, valued at approximately $4,570,871.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Verint Systems Trading Down 1.5 %
Shares of NASDAQ VRNT opened at $36.59 on Tuesday. Verint Systems Inc. has a 12 month low of $35.99 and a 12 month high of $56.39. The company has a market cap of $2.39 billion, a price-to-earnings ratio of -159.09, a P/E/G 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. The business has a fifty day simple moving average of $45.35 and a 200-day simple moving average of $47.99.
Get Verint Systems alerts:Verint Systems (NASDAQ:VRNT – Get Rating) last announced its earnings results on Wednesday, September 7th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Verint Systems had a return on equity of 12.80% and a net margin of 0.72%. The business had revenue of $223.63 million during the quarter, compared to the consensus estimate of $225.98 million. During the same period in the prior year, the business posted $0.34 earnings per share. Verint Systems's revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that Verint Systems Inc. will post 1.52 EPS for the current year.
Wall Street Analysts Forecast Growth
VRNT has been the subject of several research analyst reports. StockNews.com lowered Verint Systems from a "buy" rating to a "hold" rating in a report on Tuesday, August 23rd. Needham & Company LLC restated a "buy" rating and issued a $61.00 price objective on shares of Verint Systems in a report on Wednesday, June 8th. Royal Bank of Canada cut their price objective on Verint Systems from $61.00 to $58.00 and set an "outperform" rating for the company in a report on Thursday, September 8th. Evercore ISI cut their price objective on Verint Systems to $65.00 in a report on Thursday, June 9th. Finally, Wedbush cut their price objective on Verint Systems from $65.00 to $56.00 and set an "outperform" rating for the company in a 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.40.Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. KRS Capital Management LLC acquired a new position in Verint Systems during the fourth quarter valued at $36,000. Pinebridge Investments L.P. raised its position in Verint Systems by 357.0% during the second quarter. Pinebridge Investments L.P. now owns 914 shares of the technology company's stock valued at $39,000 after buying an additional 714 shares during the period. Harbor Investment Advisory LLC acquired a new position in Verint Systems during the second quarter valued at $41,000. Alpha Paradigm Partners LLC acquired a new position in Verint Systems during the fourth quarter valued at $65,000. Finally, Lazard Asset Management LLC acquired a new position in Verint Systems during the second quarter valued at $81,000.
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.
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