Raymond James & Associates Decreases Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Raymond James & Associates trimmed its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,144 shares of the technology company’s stock after selling 493 shares during the period. Raymond James & Associates’ holdings in Verint Systems were worth $355,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after acquiring an additional 926 shares during the last quarter. Headlands Technologies LLC bought a new position in Verint Systems during the 3rd quarter worth approximately $117,000. AlphaMark Advisors LLC bought a new position in Verint Systems during the 3rd quarter worth approximately $166,000. Nomura Holdings Inc. bought a new position in Verint Systems during the 3rd quarter worth approximately $201,000. Finally, Empirical Asset Management LLC bought a new position in Verint Systems during the 4th quarter worth approximately $210,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Verint Systems news, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the completion of the transaction, the president now owns 79,953 shares in the company, valued at $2,608,066.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the transaction, the chief executive officer now owns 991,748 shares in the company, valued at $29,752,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the transaction, the president now owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock worth $4,873,715 in the last quarter. 2.20% of the stock is owned by company insiders.

Verint Systems Trading Up 2.4 %

VRNT opened at $30.93 on Monday. The stock has a market cap of $1.93 billion, a PE ratio of 106.66, a PEG ratio of 1.31 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. The business has a 50 day moving average of $30.94 and a 200-day moving average of $27.43. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

About Verint Systems

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.