Keybank National Association OH Purchases 639 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Keybank National Association OH raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNTFree Report) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 16,642 shares of the technology company’s stock after buying an additional 639 shares during the period. Keybank National Association OH’s holdings in Verint Systems were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its stake in Verint Systems by 4,873.6% during the 3rd quarter. Quantbot Technologies LP now owns 39,341 shares of the technology company’s stock valued at $904,000 after purchasing an additional 38,550 shares during the last quarter. Jump Financial LLC acquired a new position in Verint Systems during the 3rd quarter valued at about $404,000. California Public Employees Retirement System boosted its stake in Verint Systems by 7.0% during the 3rd quarter. California Public Employees Retirement System now owns 320,663 shares of the technology company’s stock valued at $7,372,000 after purchasing an additional 20,981 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in Verint Systems during the 3rd quarter valued at about $166,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Verint Systems by 45.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,272 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 23,854 shares during the last quarter.

Insider Buying and Selling at Verint Systems

In other news, President Elan Moriah sold 4,944 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $27.46, for a total transaction of $135,762.24. Following the completion of the transaction, the president now directly owns 94,306 shares in the company, valued at approximately $2,589,642.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Elan Moriah sold 4,944 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $27.46, for a total transaction of $135,762.24. Following the completion of the transaction, the president now directly owns 94,306 shares in the company, valued at approximately $2,589,642.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 68,372 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the transaction, 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 have sold 81,238 shares of company stock valued at $2,405,747 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VRNT. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 14th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Friday, January 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

View Our Latest Research Report on Verint Systems

Verint Systems Trading Up 0.7 %

Shares of VRNT stock opened at $30.78 on Thursday. The company’s fifty day simple moving average is $27.60 and its two-hundred day simple moving average is $26.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.33. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 769.69, a PEG ratio of 1.30 and a beta of 1.21.

Verint Systems (NASDAQ:VRNTGet Free Report) last issued its earnings results on Wednesday, December 6th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Verint Systems had a net margin of 2.59% and a return on equity of 15.56%. The business had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $215.90 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that Verint Systems Inc. will post 1.82 earnings per share for the current year.

About Verint Systems

(Free Report)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.

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

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