Strs Ohio Sells 12,900 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Strs Ohio cut its stake in Verint Systems Inc. (NASDAQ:VRNT) by 42.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,300 shares of the technology company’s stock after selling 12,900 shares during the quarter. Strs Ohio’s holdings in Verint Systems were worth $467,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Phocas Financial Corp. increased its stake in shares of Verint Systems by 2.0% in the 4th quarter. Phocas Financial Corp. now owns 150,868 shares of the technology company’s stock worth $4,078,000 after acquiring an additional 2,898 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Verint Systems by 2.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company’s stock worth $792,000 after acquiring an additional 792 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Verint Systems by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,166 shares of the technology company’s stock worth $2,545,000 after acquiring an additional 17,894 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Verint Systems by 52.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 195,799 shares of the technology company’s stock worth $5,321,000 after acquiring an additional 67,132 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Verint Systems by 56.0% in the 4th 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 in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Insider Transactions at Verint Systems

In other news, CEO Dan Bodner sold 33,472 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88. Following the transaction, the chief executive officer now owns 860,630 shares in the company, valued at approximately $26,929,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Grant A. Highlander sold 2,062 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were 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 approximately $2,480,679.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dan Bodner sold 33,472 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $26,929,112.70. The disclosure for this sale can be found here. Insiders have sold 158,988 shares of company stock worth $4,873,715 in the last quarter. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

VRNT has been the subject of several research reports. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Verint Systems Stock Performance

Shares of NASDAQ VRNT opened at $30.93 on Monday. The firm’s 50-day moving average price is $30.94 and its 200-day moving average price is $27.43. 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 company 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. 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 quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $265.22 million for the quarter, compared to the consensus estimate of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. As a group, analysts anticipate that Verint Systems Inc. will post 1.97 EPS for the current year.

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.