Janney Montgomery Scott LLC Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Janney Montgomery Scott LLC acquired a new position in shares of Verint Systems Inc. (NASDAQ:VRNTFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 36,241 shares of the technology company’s stock, valued at approximately $980,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RGM Capital LLC grew its position in shares of Verint Systems by 1.4% during the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock worth $69,232,000 after acquiring an additional 42,732 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Verint Systems by 6.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after acquiring an additional 154,285 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Verint Systems by 8.9% during the third quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after acquiring an additional 84,911 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Verint Systems by 56.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after acquiring an additional 235,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Verint Systems by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock worth $16,663,000 after acquiring an additional 24,952 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 860,630 shares of the company’s stock, valued at approximately $26,929,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 860,630 shares of the company’s stock, valued at approximately $26,929,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $468,194.86. Following the transaction, the president now directly 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. In the last ninety days, insiders have sold 158,988 shares of company stock worth $4,873,715. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VRNT shares. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. 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. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

View Our Latest Stock Report on VRNT

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $29.46 on Friday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 101.59, a PEG ratio of 1.31 and a beta of 1.21. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28. The company’s fifty day moving average is $31.01 and its two-hundred day moving average is $29.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37.

Verint Systems (NASDAQ:VRNTGet Free Report) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. Analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

About Verint Systems

(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

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

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