abrdn plc Sells 90,603 Shares of Verint Systems Inc. (NASDAQ:VRNT)

abrdn plc lessened its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604,963 shares of the technology company’s stock after selling 90,603 shares during the quarter. abrdn plc’s holdings in Verint Systems were worth $16,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VRNT. CWM LLC lifted its position in shares of 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 buying an additional 926 shares during the period. SG Americas Securities LLC lifted its position in shares of Verint Systems by 75.5% during the 3rd quarter. SG Americas Securities LLC now owns 21,921 shares of the technology company’s stock worth $504,000 after buying an additional 9,433 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Verint Systems during the 3rd quarter worth approximately $122,000. Oak Thistle LLC bought a new position in shares of Verint Systems during the 3rd quarter worth approximately $216,000. Finally, Bailard Inc. bought a new position in Verint Systems in the 3rd quarter valued at $400,000. Institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling

In related news, CFO Grant A. Highlander sold 2,062 shares of Verint Systems stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $62,045.58. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Grant A. Highlander sold 2,062 shares of Verint Systems stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $62,045.58. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 35,039 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the completion of the transaction, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at $29,752,440. The disclosure for this sale can be found here. Insiders sold a total of 227,360 shares of company stock valued at $6,924,875 over the last three months. Company insiders own 2.20% of the company’s stock.

Verint Systems Trading Up 2.3 %

VRNT stock opened at $31.04 on Thursday. The company has a market cap of $1.94 billion, a P/E ratio of 107.04, a PEG ratio of 1.28 and a beta of 1.20. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. 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 fifty day moving average of $31.00 and a 200-day moving average of $27.26.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $261.45 million. As a group, equities research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRNT. 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. 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. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.20.

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.