Peter Fante Sells 9,439 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the sale, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Verint Systems Stock Performance

Shares of NASDAQ VRNT opened at $15.99 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $20.73 and its two-hundred day moving average price is $23.64. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17. The stock has a market capitalization of $993.59 million, a P/E ratio of 17.01, a P/E/G ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data 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 prior year, the firm earned $1.07 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Verint Systems

Several large investors have recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in shares of Verint Systems during the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems in the fourth quarter worth $52,000. Headlands Technologies LLC acquired a new position in shares of Verint Systems during the fourth quarter valued at $52,000. Sterling Capital Management LLC raised its stake in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

About Verint Systems

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.