Bailard Inc. Sells 6,195 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Bailard Inc. cut its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 35.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,200 shares of the technology company’s stock after selling 6,195 shares during the period. Bailard Inc.’s holdings in Verint Systems were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VRNT. CWM LLC increased its holdings in Verint Systems by 241.8% in the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after buying an additional 926 shares during the period. SG Americas Securities LLC raised its position in Verint Systems by 75.5% in the third quarter. SG Americas Securities LLC now owns 21,921 shares of the technology company’s stock worth $504,000 after purchasing an additional 9,433 shares in the last quarter. Oak Thistle LLC acquired a new position in Verint Systems in the third quarter worth about $216,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Verint Systems by 13,778.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 219,145 shares of the technology company’s stock worth $5,038,000 after purchasing an additional 217,566 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in Verint Systems by 20.2% during the third quarter. Verdence Capital Advisors LLC now owns 9,189 shares of the technology company’s stock valued at $211,000 after purchasing an additional 1,543 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Trading Up 2.4 %

Shares of VRNT opened at $30.93 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 106.66, a PEG ratio of 1.31 and a beta of 1.20. The stock has a fifty day moving average price of $30.94 and a two-hundred day moving average price 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 announced its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating 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 company had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VRNT shares. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Thursday, March 28th. Finally, TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Insider Buying and Selling at Verint Systems

In other news, CEO Dan Bodner sold 44,335 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the transaction, the chief executive officer now directly owns 898,234 shares in the company, valued at $27,027,861.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Grant A. Highlander sold 2,062 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the transaction, the chief financial officer now owns 82,442 shares in the company, valued at $2,480,679.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dan Bodner sold 44,335 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the transaction, the chief executive officer now owns 898,234 shares in the company, valued at $27,027,861.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,988 shares of company stock worth $4,873,715. 2.20% of the stock is currently owned by corporate insiders.

Verint Systems Company 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.