Verint Systems Inc. (NASDAQ:VRNT) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its position in Verint Systems Inc. (NASDAQ:VRNT) by 45.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,354 shares of the technology company’s stock after acquiring an additional 4,165 shares during the period. Verdence Capital Advisors LLC’s holdings in Verint Systems were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Verint Systems by 241.8% during the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after purchasing an additional 926 shares during the period. SG Americas Securities LLC raised its holdings in shares of Verint Systems by 75.5% during the third quarter. SG Americas Securities LLC now owns 21,921 shares of the technology company’s stock worth $504,000 after purchasing an additional 9,433 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Verint Systems during the third quarter valued at $122,000. Oak Thistle LLC purchased a new stake in Verint Systems in the third quarter valued at $216,000. Finally, Bailard Inc. purchased a new position in shares of Verint Systems during the 3rd quarter valued at about $400,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling at Verint Systems

In other news, CEO Dan Bodner sold 33,472 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the completion of the sale, the chief executive officer now owns 860,630 shares of the company’s stock, valued at $26,929,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Dan Bodner sold 33,472 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at $26,929,112.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Elan Moriah sold 14,353 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the sale, the president now directly owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,321 shares of company stock worth $5,873,705. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on VRNT. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.20.

Verint Systems Stock Up 0.1 %

VRNT stock opened at $29.16 on Tuesday. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $31.01 and a 200-day simple moving average of $27.17. The stock has a market capitalization of $1.82 billion, a P/E ratio of 100.56, a P/E/G ratio of 1.23 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The company had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. Equities analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.