Hsbc Holdings PLC Reduces Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Hsbc Holdings PLC trimmed its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,626 shares of the technology company’s stock after selling 6,290 shares during the period. Hsbc Holdings PLC owned approximately 0.10% of Verint Systems worth $2,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRNT. Stanley Laman Group Ltd. grew its stake in shares of Verint Systems by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 478 shares during the period. Verdence Capital Advisors LLC grew its position in Verint Systems by 4.4% during the first quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock valued at $462,000 after buying an additional 584 shares during the period. FinTrust Capital Advisors LLC increased its holdings in Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after buying an additional 754 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Verint Systems during the first quarter valued at approximately $30,000. Finally, PNC Financial Services Group Inc. raised its position in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after acquiring an additional 917 shares during the period. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

VRNT has been the subject of a number of recent research reports. TD Cowen cut their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a research report on Thursday. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group cut their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Finally, Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Verint Systems Trading Up 2.5 %

Shares of VRNT opened at $25.45 on Friday. The firm has a market cap of $1.57 billion, a P/E ratio of 53.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $38.17. The company has a 50 day simple moving average of $30.68 and a two-hundred day simple moving average of $31.42.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. On average, equities analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the transaction, the president now owns 139,251 shares in the company, valued at approximately $3,599,638.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Verint Systems news, President Elan Moriah sold 7,160 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the transaction, the president now owns 139,251 shares in the company, valued at $3,599,638.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares in the company, valued at $15,324,707.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by insiders.

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.