Traders Purchase Large Volume of Verint Systems Put Options (VRNT)
Verint Systems Inc. (NASDAQ:VRNT) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 2,384 put options on the stock. This represents an increase of 2,260% compared to the typical volume of 101 put options.
In other Verint Systems news, CFO Douglas Robinson sold 8,252 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $62.46, for a total transaction of $515,419.92. Following the completion of the sale, the chief financial officer now directly owns 169,078 shares in the company, valued at $10,560,611.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 48,545 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $62.46, for a total value of $3,032,120.70. Following the sale, the chief executive officer now owns 652,131 shares of the company’s stock, valued at $40,732,102.26. The disclosure for this sale can be found here. Insiders have sold 107,724 shares of company stock valued at $6,756,296 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CAPROCK Group Inc. acquired a new stake in Verint Systems in the first quarter valued at $241,000. Truvestments Capital LLC acquired a new stake in Verint Systems in the first quarter valued at $60,000. Campbell Newman Asset Management Inc. increased its holdings in Verint Systems by 2.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 8,071 shares of the technology company’s stock valued at $483,000 after purchasing an additional 188 shares during the period. We Are One Seven LLC increased its holdings in Verint Systems by 99.4% in the first quarter. We Are One Seven LLC now owns 11,994 shares of the technology company’s stock valued at $717,000 after purchasing an additional 5,979 shares during the period. Finally, American Century Companies Inc. increased its holdings in Verint Systems by 3.5% in the fourth quarter. American Century Companies Inc. now owns 91,376 shares of the technology company’s stock valued at $3,866,000 after purchasing an additional 3,050 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.
Shares of VRNT opened at $60.59 on Friday. The firm has a market capitalization of $4.03 billion, a PE ratio of 26.12, a PEG ratio of 2.05 and a beta of 1.20. Verint Systems has a 52 week low of $39.96 and a 52 week high of $63.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.48.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. The business had revenue of $330.20 million during the quarter, compared to the consensus estimate of $332.54 million. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. Verint Systems’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, analysts expect that Verint Systems will post 2.75 EPS for the current year.
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About Verint Systems
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
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