Insider Selling: Verint Systems Inc. (VRNT) CFO Sells $64,182.24 in Stock
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.
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.
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.
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