Central Pacific Bank Trust Division Buys Shares of 5,670 Verint Systems Inc. (NASDAQ:VRNT)

Central Pacific Bank Trust Division bought a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,670 shares of the technology company’s stock, valued at approximately $184,000.

Several other institutional investors also recently bought and sold shares of VRNT. PNC Financial Services Group Inc. raised its holdings in Verint Systems by 764.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Verint Systems in the first quarter worth about $30,000. FinTrust Capital Advisors LLC increased its stake in shares of Verint Systems by 173.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares during the period. NBC Securities Inc. bought a new position in shares of Verint Systems in the first quarter worth about $42,000. Finally, CWM LLC increased its stake in shares of Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock worth $57,000 after purchasing an additional 801 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, June 5th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Verint Systems presently has an average rating of “Moderate Buy” and an average target price of $35.20.

Insiders Place Their Bets

In other Verint Systems news, Director William Kurtz sold 2,110 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the sale, the director now directly owns 20,193 shares in the company, valued at $737,852.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William Kurtz sold 2,110 shares of Verint Systems stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the transaction, the director now owns 20,193 shares in the company, valued at $737,852.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Fante sold 4,417 shares of Verint Systems stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $36.60, for a total transaction of $161,662.20. Following the completion of the transaction, the insider now owns 98,975 shares of the company’s stock, valued at approximately $3,622,485. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 484,361 shares of company stock worth $15,995,579. 1.70% of the stock is currently owned by company insiders.

Verint Systems Stock Up 0.2 %

NASDAQ:VRNT traded up $0.05 during trading hours on Wednesday, reaching $30.43. The company had a trading volume of 29,914 shares, compared to its average volume of 615,391. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 63.29, a P/E/G ratio of 1.30 and a beta of 1.26. The business’s 50-day simple moving average is $32.45 and its two-hundred day simple moving average is $30.83. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $221.28 million during the quarter, compared to analyst estimates of $214.71 million. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. On average, equities analysts expect that Verint Systems Inc. will post 1.99 earnings per share for the current 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.