Investors Sell Shares of Verint Systems Inc. (VRNT) on Strength (VRNT)
Investors sold shares of Verint Systems Inc. (NASDAQ:VRNT) on strength during trading hours on Wednesday. $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 equities 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
Several brokerages have recently weighed in on VRNT. Zacks Investment Research upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Credit Suisse Group AG reiterated a “sell” rating and set a $29.00 price objective on shares of Verint Systems in a report on Wednesday, May 25th. Imperial Capital reiterated an “outperform” rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a report on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $41.57.
The stock has a 50 day moving average price of $34.84 and a 200 day moving average price of $34.41. The stock has a market capitalization of $2.12 billion and a price-to-earnings ratio of 3412.00.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm earned $249 million during the quarter. The firm’s revenue was down 7.9% on a year-over-year basis. On average, analysts predict that Verint Systems Inc. will post $3.00 earnings per share for the current fiscal year.
In other Verint Systems news, CEO Dan Bodner sold 8,293 shares of the firm’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $35.34, for a total value of $293,074.62. Following the sale, the chief executive officer now owns 674,292 shares of the company’s stock, valued at approximately $23,829,479.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Douglas Robinson sold 1,881 shares of the firm’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $35.34, for a total transaction of $66,474.54. Following the completion of the sale, the chief financial officer now directly owns 158,507 shares in the company, valued at approximately $5,601,637.38. 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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