Price T Rowe Associates Inc. MD Reduces Position in Verint Systems Inc. (NASDAQ:VRNT)

Price T Rowe Associates Inc. MD lessened its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 58.1% during the 4th quarter, Holdings Channel reports. The fund owned 50,096 shares of the technology company’s stock after selling 69,356 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Verint Systems were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Verint Systems by 9.5% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $968,000 after purchasing an additional 3,585 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Verint Systems by 13.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company’s stock worth $2,610,000 after acquiring an additional 11,285 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Verint Systems by 19.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 8,116 shares during the period. Wedge Capital Management L L P NC increased its holdings in Verint Systems by 19.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company’s stock valued at $2,925,000 after purchasing an additional 17,123 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Verint Systems by 32.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after purchasing an additional 189,860 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the sale, the insider now directly owns 20,450 shares in the company, valued at $337,425. This trade represents a 31.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares of the company’s stock, valued at $457,561.11. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Verint Systems Stock Down 0.7 %

Shares of Verint Systems stock opened at $17.90 on Friday. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17. The company has a 50 day moving average of $18.44 and a 200 day moving average of $22.99. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The business had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. As a group, research analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Verint Systems in a research report on Friday, April 25th. Wedbush reduced their price target on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada dropped their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

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.