Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) President Sells 9,880 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 9,880 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $297,289.20. Following the transaction, the president now owns 91,877 shares of the company’s stock, valued at approximately $2,764,578.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Elan Moriah also recently made the following trade(s):

• On Monday, April 1st, Elan Moriah sold 14,353 shares of Verint Systems stock. The stock was sold at an average price of $32.62, for a total value of $468,194.86.

Verint Systems Price Performance

Shares of Verint Systems stock remained flat at $29.26 during trading on Wednesday. The company had a trading volume of 255,247 shares, compared to its average volume of 548,599. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The business’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $26.97. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 100.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Verint Systems has a consensus rating of “Moderate Buy” and an average target price of $35.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VRNT. Raymond James & Associates boosted its position in Verint Systems by 12.1% during the first quarter. Raymond James & Associates now owns 7,821 shares of the technology company’s stock valued at $404,000 after purchasing an additional 843 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Verint Systems by 53.6% during the first quarter. MetLife Investment Management LLC now owns 34,707 shares of the technology company’s stock worth $1,794,000 after purchasing an additional 12,108 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Verint Systems by 14.5% during the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after purchasing an additional 438 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Verint Systems by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,415,021 shares of the technology company’s stock worth $73,156,000 after purchasing an additional 24,335 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Verint Systems during the first quarter worth approximately $2,533,000. 94.95% of the stock is owned by institutional investors and hedge funds.

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.