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

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) insider Peter Fante sold 9,439 shares of the company's 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 completion of the transaction, the insider now directly owns 20,450 shares of the company's stock, valued at $337,425. The trade was a 31.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Verint Systems Price Performance

Shares of NASDAQ:VRNT traded up $0.03 during midday trading on Friday, hitting $15.99. The company had a trading volume of 814,927 shares, compared to its average volume of 780,900. The business's 50-day simple moving average is $20.73 and its 200-day simple moving average is $23.64. The stock has a market cap of $993.59 million, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same period in the previous year, the firm posted $1.07 EPS. The company's revenue was down 4.4% compared to the same quarter last year. On average, research analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Verint Systems by 312.3% in the 3rd quarter. FMR LLC now owns 10,065 shares of the technology company's stock valued at $255,000 after purchasing an additional 7,624 shares during the last quarter. State Street Corp boosted its stake in Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after buying an additional 23,400 shares during the period. Geode Capital Management LLC increased its position in shares of Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after acquiring an additional 4,034 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Verint Systems by 7.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 58,880 shares of the technology company's stock worth $1,491,000 after acquiring an additional 3,938 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Verint Systems during the 3rd quarter worth approximately $311,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.