Verint Systems Inc. (NASDAQ:VRNT) CFO Douglas Robinson sold 1,432 shares of Verint Systems stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total value of $64,182.24. Following the sale, the chief financial officer now owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ:VRNT opened at $46.58 on Friday. The company has a market capitalization of $3.03 billion, a P/E ratio of 20.72, a PEG ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.65 and a quick ratio of 1.61. Verint Systems Inc. has a 52 week low of $37.10 and a 52 week high of $52.45.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $307.99 million during the quarter, compared to the consensus estimate of $305.38 million. Verint Systems had a net margin of 4.58% and a return on equity of 12.47%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. On average, research analysts expect that Verint Systems Inc. will post 2.26 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of VRNT. Dimensional Fund Advisors LP increased its stake in shares of Verint Systems by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,610,264 shares of the technology company’s stock valued at $71,414,000 after acquiring an additional 27,678 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Verint Systems by 33.8% during the second quarter. Raymond James & Associates now owns 54,193 shares of the technology company’s stock valued at $2,403,000 after purchasing an additional 13,695 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of Verint Systems by 39.4% during the second quarter. Glenmede Trust Co. NA now owns 1,178,162 shares of the technology company’s stock valued at $52,252,000 after acquiring an additional 333,068 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Verint Systems by 11.4% during the second quarter. California Public Employees Retirement System now owns 142,944 shares of the technology company’s stock valued at $6,340,000 after acquiring an additional 14,658 shares in the last quarter. Finally, Global X Management Co LLC purchased a new stake in shares of Verint Systems during the second quarter valued at $166,000. Institutional investors and hedge funds own 94.66% of the company’s stock.

Several equities research analysts recently weighed in on VRNT shares. Wedbush initiated coverage on Verint Systems in a research note on Thursday, October 18th. They issued an “outperform” rating and a $58.00 price target on the stock. Imperial Capital reissued an “outperform” rating and set a $58.00 price target (up from $49.50) on shares of Verint Systems in a research note on Tuesday, December 11th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Wednesday, December 12th. TheStreet downgraded Verint Systems from a “b-” rating to a “c+” rating in a report on Thursday, January 3rd. Finally, Jefferies Financial Group initiated coverage on Verint Systems in a research report on Thursday, January 10th. They set a “buy” rating and a $53.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven 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 $56.00.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Verint Systems Inc. (VRNT) CFO Sells $64,182.24 in Stock” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://theolympiareport.com/2019/01/19/insider-selling-verint-systems-inc-vrnt-cfo-sells-64182-24-in-stock.html.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

Read More: Understanding Market Liquidity

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

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.