Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. This trade represents a 8.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Verint Systems Trading Up 0.2 %
Shares of NASDAQ VRNT traded up $0.03 during midday trading on Friday, reaching $15.99. 814,927 shares of the stock were exchanged, compared to its average volume of 782,141. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $993.59 million, a P/E ratio of 17.01, a P/E/G ratio of 0.97 and a beta of 1.31. The stock has a 50 day moving average price of $20.53 and a 200-day moving average price of $23.58. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17.
Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). The business had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 EPS. Equities research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Verint Systems
A number of hedge funds have recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH boosted its holdings in Verint Systems by 8.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 840,389 shares of the technology company's stock valued at $15,001,000 after acquiring an additional 64,520 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Verint Systems by 9,634.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 14,505 shares of the technology company's stock worth $259,000 after purchasing an additional 14,356 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Verint Systems by 6.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company's stock valued at $963,000 after purchasing an additional 3,174 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Verint Systems by 14,079.2% during the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after purchasing an additional 3,379 shares during the period. Finally, GAMMA Investing LLC increased its position in Verint Systems by 916.9% during the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock worth $104,000 after purchasing an additional 5,263 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on VRNT shares. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Royal Bank of Canada decreased their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC decreased their target price on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Evercore ISI cut their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. Finally, Wedbush lowered their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.33.
View Our Latest Research Report on VRNT
About Verint Systems
(
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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.
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