Dan Bodner Sells 16,932 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 16,932 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Dan Bodner also recently made the following trade(s):

• On Thursday, June 20th, Dan Bodner sold 375,000 shares of Verint Systems stock. The stock was sold at an average price of $33.76, for a total value of $12,660,000.00.

Verint Systems Stock Performance

Shares of VRNT stock traded up $0.10 during mid-day trading on Tuesday, hitting $26.46. The stock had a trading volume of 662,284 shares, compared to its average volume of 653,284. The firm has a market cap of $1.63 billion, a PE ratio of 54.90, a PEG ratio of 1.06 and a beta of 1.24. The company’s 50-day simple moving average is $31.75 and its 200-day simple moving average is $31.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VRNT shares. TD Cowen reduced their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group decreased their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Institutional Trading of Verint Systems

A number of institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after buying an additional 489 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Verint Systems by 764.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after purchasing an additional 917 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Verint Systems in the first quarter valued at $30,000. Innealta Capital LLC purchased a new position in shares of Verint Systems in the second quarter valued at $36,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after buying an additional 754 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.