Insider Selling: Verint Systems Inc. (VRNT) Director Sells $128,464.20 in Stock

Verint Systems Inc. (NASDAQ:VRNT) Director Larry F. Myers sold 3,103 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $41.40, for a total transaction of $128,464.20. Following the completion of the transaction, the director now owns 10,751 shares in the company, valued at $445,091.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Verint Systems Inc. (VRNT) traded down 1.755% during mid-day trading on Tuesday, reaching $40.575. 168,921 shares of the company were exchanged. The stock’s 50-day moving average is $40.74 and its 200-day moving average is $38.81. Verint Systems Inc. has a 12 month low of $31.52 and a 12 month high of $44.70. The company’s market cap is $2.54 billion.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The business had revenue of $265.70 million during the quarter, compared to analyst estimates of $259.97 million. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Equities analysts expect that Verint Systems Inc. will post $2.71 earnings per share for the current year.

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

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Several research analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $49.00 price objective on shares of Verint Systems in a report on Thursday, March 30th. Deutsche Bank AG increased their price objective on shares of Verint Systems from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Verint Systems from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Imperial Capital reiterated an “in-line” rating and set a $47.00 price objective (up from $45.00) on shares of Verint Systems in a report on Friday, June 9th. Finally, Zacks Investment Research lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $44.38.

Several large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Verint Systems during the fourth quarter valued at about $20,919,000. Ameriprise Financial Inc. purchased a new stake in shares of Verint Systems during the first quarter valued at about $19,108,000. Polaris Capital Management LLC raised its stake in shares of Verint Systems by 1,392.5% in the fourth quarter. Polaris Capital Management LLC now owns 452,596 shares of the technology company’s stock valued at $24,160,000 after buying an additional 422,272 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Verint Systems by 5,565.6% in the first quarter. Penserra Capital Management LLC now owns 413,251 shares of the technology company’s stock valued at $17,924,000 after buying an additional 405,957 shares in the last quarter. Finally, Vista Equity Partners Management LLC purchased a new stake in shares of Verint Systems during the first quarter valued at about $15,743,000. Institutional investors and hedge funds own 95.95% of the company’s stock.

About Verint Systems

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:VRNT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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