Verint Systems Inc. (NASDAQ:VRNT) CEO Sells $1,051,170.00 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 35,039 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total value of $1,051,170.00. Following the completion of the sale, the chief executive officer now owns 991,748 shares of the company’s stock, valued at approximately $29,752,440. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, April 15th, Dan Bodner sold 44,335 shares of Verint Systems stock. The shares were sold at an average price of $30.09, for a total value of $1,334,040.15.
• On Wednesday, March 20th, Dan Bodner sold 33,472 shares of Verint Systems stock. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88.
• On Friday, January 26th, Dan Bodner sold 68,372 shares of Verint Systems stock. The shares were sold at an average price of $30.00, for a total transaction of $2,051,160.00.

Verint Systems Trading Up 4.1 %

Shares of NASDAQ VRNT traded up $1.19 during midday trading on Tuesday, hitting $30.35. The company’s stock had a trading volume of 583,863 shares, compared to its average volume of 549,884. The business’s 50 day moving average is $31.01 and its two-hundred day moving average is $27.23. The firm has a market cap of $1.89 billion, a P/E ratio of 104.66, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $40.28.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. As a group, equities research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

Institutional Trading of Verint Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Verint Systems by 125.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 66,107 shares of the technology company’s stock worth $2,191,000 after acquiring an additional 36,788 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Verint Systems by 59.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 28,638 shares of the technology company’s stock worth $949,000 after purchasing an additional 10,711 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Verint Systems during the 1st quarter valued at $42,000. Nomura Holdings Inc. boosted its position in shares of Verint Systems by 565.7% in the 4th quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 49,500 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after buying an additional 917 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.