Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner Sells 35,039 Shares

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 35,039 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the transaction, the chief executive officer now owns 991,748 shares in the company, valued at $29,752,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction 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 value of $2,051,160.00.

Verint Systems Stock Performance

Shares of Verint Systems stock traded up $1.19 on Tuesday, reaching $30.35. 583,863 shares of the stock were exchanged, compared to its average volume of 549,884. The firm has a market capitalization of $1.89 billion, a PE ratio of 104.66, a PEG ratio of 1.23 and a beta of 1.20. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $40.28. The business has a fifty day moving average price of $31.01 and a two-hundred day moving average price of $27.23. 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 (NASDAQ:VRNT) last released its earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The company had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. As a group, research analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

VRNT has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. 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 reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Finally, StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently added to or reduced their stakes in VRNT. Allspring Global Investments Holdings LLC raised its holdings in shares of Verint Systems by 125.5% in the first 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 during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Verint Systems by 59.7% during the 1st 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. acquired a new position in Verint Systems in the 1st quarter valued at about $42,000. Nomura Holdings Inc. lifted its holdings in Verint Systems by 565.7% in the 4th quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 49,500 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of 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 purchasing an additional 917 shares during the last quarter. 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.