Verint Systems Inc. (NASDAQ:VRNT) Position Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 45.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,354 shares of the technology company’s stock after buying 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 SEC filing.

A number of other large investors also recently bought and sold shares of VRNT. RGM Capital LLC raised its position in shares of Verint Systems by 1.4% during the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after acquiring an additional 42,732 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after buying an additional 154,285 shares during the period. William Blair Investment Management LLC grew its position in shares of Verint Systems by 8.9% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock valued at $23,817,000 after buying an additional 84,911 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Verint Systems by 56.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after acquiring an additional 235,900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Verint Systems by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 591,511 shares of the technology company’s stock worth $13,599,000 after acquiring an additional 24,473 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 0.1 %

VRNT stock opened at $29.16 on Tuesday. The firm’s 50-day moving average is $31.01 and its two-hundred day moving average is $27.17. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 100.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 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, TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.20.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 68,372 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $30.00, for a total value of $2,051,160.00. Following the completion of the sale, the chief executive officer now directly owns 924,102 shares of the company’s stock, valued at approximately $27,723,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Grant A. Highlander sold 2,062 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at approximately $2,480,679.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 68,372 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $30.00, for a total value of $2,051,160.00. Following the sale, the chief executive officer now owns 924,102 shares of the company’s stock, valued at $27,723,060. The disclosure for this sale can be found here. Insiders sold 192,321 shares of company stock valued at $5,873,705 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Verint Systems 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.