Mackenzie Financial Corp Sells 1,123 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Mackenzie Financial Corp cut its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,637 shares of the technology company’s stock after selling 1,123 shares during the period. Mackenzie Financial Corp owned about 0.08% of Verint Systems worth $1,423,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWM LLC lifted its stake in Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after acquiring an additional 926 shares in the last quarter. Headlands Technologies LLC bought a new position in Verint Systems during the 3rd quarter valued at $117,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Verint Systems during the 3rd quarter worth $122,000. AlphaMark Advisors LLC bought a new stake in shares of Verint Systems during the 3rd quarter worth $166,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Verint Systems during the 3rd quarter worth $201,000. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

NASDAQ VRNT opened at $31.04 on Thursday. The firm’s 50-day simple moving average is $31.00 and its two-hundred day simple moving average is $27.26. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28. The company has a market cap of $1.94 billion, a PE ratio of 107.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. Research analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Dan Bodner sold 33,472 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at $26,929,112.70. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Dan Bodner sold 33,472 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88. Following the transaction, 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 SEC, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 2,062 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $62,045.58. Following the completion of the transaction, the chief financial officer now owns 82,442 shares in the company, valued at $2,480,679.78. The disclosure for this sale can be found here. Insiders have sold a total of 227,360 shares of company stock worth $6,924,875 over the last ninety days. Company insiders own 2.20% of the company’s stock.

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.