Invesco Ltd. Sells 954 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Invesco Ltd. reduced its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,347 shares of the technology company’s stock after selling 954 shares during the quarter. Invesco Ltd. owned about 0.16% of Verint Systems worth $2,700,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in Verint Systems in the fourth quarter worth approximately $371,000. Envestnet Asset Management Inc. increased its holdings in Verint Systems by 114.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 72,609 shares of the technology company’s stock worth $1,993,000 after purchasing an additional 38,728 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Verint Systems by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company’s stock worth $1,280,000 after purchasing an additional 1,562 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in Verint Systems in the fourth quarter worth approximately $666,000. Finally, Pitcairn Co. bought a new stake in Verint Systems in the fourth quarter worth approximately $533,000. 94.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Verint Systems in a report on Friday. Wedbush reduced their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Royal Bank of Canada reduced their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Evercore ISI reduced their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.33.

Verint Systems Stock Down 0.1 %

Shares of NASDAQ:VRNT opened at $18.22 on Tuesday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.97 and a beta of 1.31. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $38.17. The business’s 50 day moving average is $19.46 and its 200 day moving average is $23.31.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. On average, sell-side analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the sale, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now owns 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% 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.