Traders Sell Verint Systems Inc. (VRNT) on Strength (VRNT)
Traders sold shares of Verint Systems Inc. (NASDAQ:VRNT) on strength during trading on Tuesday. $2.75 million flowed into the stock on the tick-up and $32.32 million flowed out of the stock on the tick-down, for a money net flow of $29.57 million out of the stock. Of all companies tracked, Verint Systems had the 0th highest net out-flow for the day. Verint Systems traded up $0.72 for the day and closed at $34.66
VRNT has been the subject of a number of analyst reports. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $29.00 price target on shares of Verint Systems in a research report on Wednesday, May 25th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Zacks Investment Research cut Verint Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Verint Systems currently has an average rating of “Buy” and a consensus target price of $41.57.
The stock’s 50-day moving average is $34.82 and its 200 day moving average is $34.41. The stock has a market cap of $2.16 billion and a PE ratio of 3466.00.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Tuesday, June 7th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. During the same period in the prior year, the company earned $0.66 earnings per share. The company had revenue of $249 million for the quarter. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts anticipate that Verint Systems Inc. will post $3.00 EPS for the current fiscal year.
In related news, CEO Dan Bodner sold 8,293 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $35.34, for a total transaction of $293,074.62. Following the sale, the chief executive officer now directly owns 674,292 shares in the company, valued at approximately $23,829,479.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Fante sold 1,323 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $35.34, for a total transaction of $46,754.82. Following the sale, the insider now owns 38,191 shares in the company, valued at $1,349,669.94. The disclosure for this sale can be found here.
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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