Russell Investments Group Ltd. Has $125,000 Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Russell Investments Group Ltd. trimmed its position in shares of Verint Systems Inc. (NASDAQ:VRNTFree Report) by 70.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,638 shares of the technology company’s stock after selling 10,989 shares during the period. Russell Investments Group Ltd.’s holdings in Verint Systems were worth $125,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Verint Systems by 61.2% during the 4th quarter. CWM LLC now owns 2,110 shares of the technology company’s stock worth $57,000 after acquiring an additional 801 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Verint Systems in the 3rd quarter valued at $117,000. Nomura Holdings Inc. acquired a new position in shares of Verint Systems during the 3rd quarter worth $201,000. Empirical Asset Management LLC acquired a new stake in Verint Systems in the fourth quarter valued at about $210,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Verint Systems by 18.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,730 shares of the technology company’s stock worth $270,000 after acquiring an additional 1,808 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Insider Transactions at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 44,335 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the sale, the chief executive officer now owns 898,234 shares of the company’s stock, valued at $27,027,861.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dan Bodner sold 44,335 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the completion of the sale, the chief executive officer now owns 898,234 shares of the company’s stock, valued at approximately $27,027,861.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 2,062 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $62,045.58. Following the transaction, the chief financial officer now owns 82,442 shares in the company, valued at approximately $2,480,679.78. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock worth $4,873,715 over the last three months. 2.20% of the stock is owned by company insiders.

Verint Systems Trading Down 0.4 %

NASDAQ VRNT opened at $30.86 on Friday. The firm has a market capitalization of $1.92 billion, a PE ratio of 106.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. The business’s 50-day moving average price is $31.08 and its two-hundred day moving average price is $28.85. 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 Inc. has a 12 month low of $18.41 and a 12 month high of $40.28.

Verint Systems (NASDAQ:VRNTGet Free Report) last announced its earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS 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 business had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. On average, analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VRNT shares. 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 price target on shares of Verint Systems in a research note on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. Finally, StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

View Our Latest Stock Report on VRNT

Verint Systems Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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