Verint Systems Sees Unusually High Options Volume (NASDAQ:VRNT)

Verint Systems Inc. (NASDAQ:VRNT) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 1,242 call options on the company. This represents an increase of approximately 1,903% compared to the average daily volume of 62 call options.

In related news, insider Elan Moriah sold 5,514 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $63.20, for a total value of $348,484.80. Following the completion of the sale, the insider now owns 82,108 shares in the company, valued at approximately $5,189,225.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dan Bodner sold 30,097 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $63.20, for a total value of $1,902,130.40. Following the completion of the sale, the chief executive officer now owns 652,131 shares of the company’s stock, valued at approximately $41,214,679.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,917 shares of company stock valued at $7,785,292. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Campbell Newman Asset Management Inc. lifted its holdings in Verint Systems by 2.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 8,071 shares of the technology company’s stock valued at $483,000 after acquiring an additional 188 shares during the period. American International Group Inc. grew its position in shares of Verint Systems by 0.6% during the fourth quarter. American International Group Inc. now owns 42,513 shares of the technology company’s stock worth $1,799,000 after purchasing an additional 263 shares in the last quarter. Rhumbline Advisers grew its position in shares of Verint Systems by 0.4% during the first quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock worth $5,754,000 after purchasing an additional 342 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Verint Systems by 2.2% during the 4th quarter. Meeder Asset Management Inc. now owns 16,533 shares of the technology company’s stock valued at $699,000 after buying an additional 354 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Verint Systems by 0.8% during the 4th quarter. Nordea Investment Management AB now owns 49,200 shares of the technology company’s stock valued at $2,081,000 after buying an additional 400 shares in the last quarter. 95.61% of the stock is currently owned by institutional investors.

Shares of NASDAQ:VRNT traded down $0.54 during midday trading on Friday, reaching $56.01. 415,020 shares of the company’s stock traded hands, compared to its average volume of 554,172. The company has a market cap of $3.70 billion, a P/E ratio of 24.14, a PEG ratio of 1.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.45. Verint Systems has a one year low of $39.96 and a one year high of $63.94.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Verint Systems had a return on equity of 13.60% and a net margin of 5.56%. The firm had revenue of $324.16 million for the quarter, compared to the consensus estimate of $317.97 million. During the same period in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Verint Systems will post 2.69 earnings per share for the current year.

A number of analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Verint Systems from $66.00 to $72.00 and gave the stock a “positive” rating in a research report on Thursday, April 11th. BidaskClub upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Oppenheimer boosted their price objective on Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Wedbush reiterated an “outperform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Verint Systems in a research report on Tuesday, May 21st. Finally, Imperial Capital boosted their price objective on Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $65.57.

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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.

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