Verint Systems Inc. (NASDAQ:VRNT) Insider Sells $155,743.50 in Stock

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) insider Peter Fante sold 9,439 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. This trade represents a 31.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Verint Systems Trading Up 0.2 %

VRNT traded up $0.03 during trading on Friday, hitting $15.99. The company's stock had a trading volume of 814,927 shares, compared to its average volume of 783,390. The firm has a market capitalization of $993.59 million, a P/E ratio of 17.01, a PEG ratio of 0.97 and a beta of 1.31. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The stock's fifty day moving average price is $20.53 and its 200-day moving average price is $23.58. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same quarter in the previous year, the firm earned $1.07 EPS. The firm's revenue was down 4.4% on a year-over-year basis. Analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Wedbush reduced their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Needham & Company LLC reduced their target price on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Verint Systems during the fourth quarter worth approximately $22,528,000. Arrowstreet Capital Limited Partnership raised its holdings in Verint Systems by 491.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock worth $20,985,000 after buying an additional 635,334 shares during the last quarter. Invenomic Capital Management LP acquired a new position in Verint Systems during the fourth quarter worth $14,653,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock valued at $47,151,000 after buying an additional 486,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Verint Systems by 48.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock valued at $34,683,000 after buying an additional 412,655 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Company Profile

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.