Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Insider Sells $229,239.83 in Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 4,331 shares of Verint Systems stock in a transaction that occurred on Tuesday, January 11th. The shares were sold at an average price of $52.93, for a total transaction of $229,239.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of VRNT opened at $53.60 on Friday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -206.15, a PEG ratio of 2.59 and a beta of 0.85. Verint Systems Inc. has a 1-year low of $35.06 and a 1-year high of $54.32. The company’s fifty day simple moving average is $49.86 and its 200 day simple moving average is $46.26. The company has a current ratio of 1.43, a quick ratio of 1.41 and a debt-to-equity ratio of 0.42.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Thursday, December 2nd. The technology company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.16. Verint Systems had a negative net margin of 0.09% and a positive return on equity of 13.75%. The firm had revenue of $224.82 million for the quarter, compared to the consensus estimate of $218.22 million. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast that Verint Systems Inc. will post 1.48 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its holdings in shares of Verint Systems by 1.8% in the third quarter. UBS Asset Management Americas Inc. now owns 79,815 shares of the technology company’s stock valued at $3,575,000 after purchasing an additional 1,449 shares during the last quarter. Comerica Bank increased its holdings in shares of Verint Systems by 76.5% in the third quarter. Comerica Bank now owns 13,312 shares of the technology company’s stock valued at $589,000 after purchasing an additional 5,771 shares during the last quarter. Liontrust Investment Partners LLP acquired a new position in shares of Verint Systems in the third quarter valued at $3,135,000. Bank of New York Mellon Corp increased its holdings in shares of Verint Systems by 47.7% in the third quarter. Bank of New York Mellon Corp now owns 515,319 shares of the technology company’s stock valued at $23,082,000 after purchasing an additional 166,348 shares during the last quarter. Finally, Phocas Financial Corp. increased its holdings in shares of Verint Systems by 82.7% in the third quarter. Phocas Financial Corp. now owns 150,427 shares of the technology company’s stock valued at $6,738,000 after purchasing an additional 68,093 shares during the last quarter. Hedge funds and other institutional investors own 99.20% of the company’s stock.

A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price objective on shares of Verint Systems in a report on Friday, December 3rd. Royal Bank of Canada boosted their target price on shares of Verint Systems from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, December 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems has a consensus rating of “Buy” and an average target price of $63.57.

About Verint Systems

Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.

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Insider Buying and Selling by Quarter for Verint Systems (NASDAQ:VRNT)

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