Verint Systems Inc. (NASDAQ:VRNT) Director Larry F. Myers sold 4,243 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $37.51, for a total transaction of $159,154.93. Following the sale, the director now directly owns 8,778 shares of the company’s stock, valued at approximately $329,262.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Verint Systems Inc. (NASDAQ:VRNT) opened at 36.82 on Monday. The company’s market capitalization is $2.32 billion. The firm has a 50-day moving average price of $35.43 and a 200 day moving average price of $34.58. Verint Systems Inc. has a 1-year low of $29.76 and a 1-year high of $49.70.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business earned $264.20 million during the quarter. Verint Systems had a positive return on equity of 10.61% and a negative net margin of 0.38%. Verint Systems’s revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. On average, equities analysts predict that Verint Systems Inc. will post $2.85 EPS for the current year.
Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new stake in Verint Systems during the first quarter worth approximately $110,000. Pacer Advisors Inc. purchased a new stake in Verint Systems during the second quarter worth approximately $128,000. Mizuho Asset Management Co. Ltd. purchased a new stake in Verint Systems during the second quarter worth approximately $163,000. Strs Ohio increased its stake in Verint Systems by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $172,000 after buying an additional 300 shares during the period. Finally, Penserra Capital Management LLC increased its stake in Verint Systems by 10.2% in the second quarter. Penserra Capital Management LLC now owns 5,181 shares of the company’s stock worth $172,000 after buying an additional 479 shares during the period. 95.25% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on VRNT. Imperial Capital upped their price target on shares of Verint Systems from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Zacks Investment Research lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $29.00 price target on shares of Verint Systems in a research report on Wednesday, May 25th. Finally, Deutsche Bank AG upped their price target on shares of Verint Systems from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.43.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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