Verint Systems Inc. (NASDAQ:VRNT) Director Stephen J. Gold Sells 2,744 Shares

Verint Systems Inc. (NASDAQ:VRNT) Director Stephen J. Gold sold 2,744 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the sale, the director now owns 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Verint Systems Trading Up 2.8 %

Shares of VRNT stock traded up $0.44 on Monday, hitting $16.32. 1,113,685 shares of the company’s stock traded hands, compared to its average volume of 771,884. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.97 and a beta of 1.31. The company’s fifty day simple moving average is $21.52 and its 200 day simple moving average is $23.88. Verint Systems Inc. has a one year low of $14.15 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VRNT shares. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Wedbush dropped their target price on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Needham & Company LLC decreased their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada dropped their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Evercore ISI reduced their target price on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

Institutional Trading of Verint Systems

A number of institutional investors have recently modified their holdings of the company. Clark Capital Management Group Inc. increased its position in Verint Systems by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock valued at $3,909,000 after purchasing an additional 515 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after acquiring an additional 613 shares during the period. Philadelphia Trust Co. grew its holdings in shares of Verint Systems by 0.9% during the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock worth $2,932,000 after acquiring an additional 1,000 shares during the period. Swiss National Bank raised its position in shares of Verint Systems by 1.2% in the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock worth $3,346,000 after acquiring an additional 1,400 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.