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Verint Systems (NASDAQ:VRNT) Insider Elan Moriah sold 3,620 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $49.85, for a total transaction of $180,457.00. Following the completion of the sale, the insider now directly owns 69,979 shares in the company, valued at approximately $3,488,453. The sale was disclosed in a legal filing with the SEC, which is available at this link.

VRNT has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Verint Systems in a research note on Monday. They now have a $60.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Verint Systems in a research note on Monday, June 16th. They now have a $55.00 price target on the stock, down previously from $56.50. Finally, analysts at Imperial Capital raised their price target on shares of Verint Systems from $55.00 to $58.00 in a research note on Friday, June 6th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $57.21.

Shares of Verint Systems (NASDAQ:VRNT) traded up 0.16% during mid-day trading on Thursday, hitting $49.73. The stock had a trading volume of 303,218 shares. Verint Systems has a 1-year low of $32.80 and a 1-year high of $53.19. The stock’s 50-day moving average is $46.7 and its 200-day moving average is $45.51. The company has a market cap of $2.687 billion and a price-to-earnings ratio of 29.89. Verint Systems also was the recipient of a large growth in short interest in June. As of June 13th, there was short interest totalling 1,319,606 shares, a growth of 34.1% from the May 30th total of 984,054 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 989,607 shares, the days-to-cover ratio is presently 1.3 days.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.17. The company had revenue of $257.40 million for the quarter, compared to the consensus estimate of $254.99 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts predict that Verint Systems will post $3.39 earnings per share for the current fiscal year.

Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.

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