Verint Systems Inc. (NASDAQ:VRNT) CEO Sells $3,032,120.70 in Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 48,545 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $62.46, for a total value of $3,032,120.70. Following the completion of the transaction, the chief executive officer now directly owns 652,131 shares of the company’s stock, valued at approximately $40,732,102.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Friday, April 12th, Dan Bodner sold 30,097 shares of Verint Systems stock. The stock was sold at an average price of $63.20, for a total value of $1,902,130.40.

Shares of NASDAQ:VRNT traded up $0.29 during midday trading on Friday, hitting $61.61. The company had a trading volume of 220,669 shares, compared to its average volume of 567,551. Verint Systems Inc. has a 12 month low of $39.96 and a 12 month high of $63.94. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $4.03 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 posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.08. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $332.54 million. During the same period last year, the company earned $1.05 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Verint Systems Inc. will post 2.75 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. TheStreet raised Verint Systems from a “c+” rating to a “b+” rating in a report on Tuesday, February 19th. BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday. Imperial Capital raised their price target on Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Wedbush raised their price target on Verint Systems from $58.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group raised their price target on Verint Systems from $66.00 to $72.00 and gave the company a “positive” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $62.57.

Several large investors have recently bought and sold shares of VRNT. Vanguard Group Inc lifted its holdings in Verint Systems by 1.8% during the third quarter. Vanguard Group Inc now owns 5,741,561 shares of the technology company’s stock worth $287,652,000 after acquiring an additional 101,210 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Verint Systems by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,741,561 shares of the technology company’s stock worth $287,652,000 after acquiring an additional 101,210 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Verint Systems by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,081,912 shares of the technology company’s stock worth $88,086,000 after acquiring an additional 7,347 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Verint Systems by 58.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock worth $85,083,000 after acquiring an additional 745,179 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Verint Systems by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,550,919 shares of the technology company’s stock worth $92,836,000 after acquiring an additional 7,415 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/11/insider-selling-verint-systems-inc-vrnt-ceo-sells-3032120-70-in-stock.html.

Verint Systems Company Profile

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.

Recommended Story: FAANG Stocks

Insider Buying and Selling by Quarter for Verint Systems (NASDAQ:VRNT)

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.