Traders Buy High Volume of Verint Systems Put Options (VRNT)

Verint Systems Inc. (NASDAQ:VRNT) saw unusually large options trading activity on Wednesday. Investors acquired 2,384 put options on the stock. This is an increase of approximately 2,260% compared to the average daily volume of 101 put options.

Verint Systems stock traded up $0.29 during mid-day trading on Friday, hitting $61.61. The company’s stock had a trading volume of 193,878 shares, compared to its average volume of 488,655. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. Verint Systems has a 52-week low of $39.96 and a 52-week high of $63.94. The company has a market cap of $4.01 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.03 and a beta of 1.18.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. The firm had revenue of $330.20 million for the quarter, compared to analyst estimates of $332.54 million. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, equities analysts forecast that Verint Systems will post 2.75 earnings per share for the current fiscal year.

In other Verint Systems news, CEO Dan Bodner sold 30,097 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $63.20, for a total transaction of $1,902,130.40. Following the sale, the chief executive officer now directly owns 652,131 shares in the company, valued at approximately $41,214,679.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Robinson sold 8,252 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $62.46, for a total transaction of $515,419.92. Following the transaction, the chief financial officer now directly owns 169,078 shares of the company’s stock, valued at approximately $10,560,611.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,724 shares of company stock valued at $6,756,296. 1.40% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Campbell Newman Asset Management Inc. lifted its position in shares of Verint Systems by 2.4% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 8,071 shares of the technology company’s stock worth $483,000 after buying an additional 188 shares during the period. American International Group Inc. lifted its position in shares of Verint Systems by 0.6% during the 4th quarter. American International Group Inc. now owns 42,513 shares of the technology company’s stock worth $1,799,000 after buying an additional 263 shares during the period. Rhumbline Advisers lifted its position in shares of Verint Systems by 0.4% during the 1st quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock worth $5,754,000 after buying an additional 342 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Verint Systems by 2.2% during the 4th quarter. Meeder Asset Management Inc. now owns 16,533 shares of the technology company’s stock worth $699,000 after buying an additional 354 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Verint Systems by 0.8% during the 4th quarter. Nordea Investment Management AB now owns 49,200 shares of the technology company’s stock worth $2,081,000 after buying an additional 400 shares during the period. 94.73% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on VRNT shares. TheStreet upgraded Verint Systems from a “c+” rating to a “b+” rating in a report on Tuesday, February 19th. Imperial Capital upped their price target on Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Jefferies Financial Group assumed coverage on Verint Systems in a research report on Thursday, January 10th. They set a “buy” rating and a $53.00 price target on the stock. Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 16th. Finally, BidaskClub cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.57.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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