E. Ohman J or Asset Management AB lowered its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 54.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,200 shares of the technology company's stock after selling 52,512 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.07% of Verint Systems worth $1,120,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Quarry LP lifted its position in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company's stock worth $26,000 after purchasing an additional 489 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 764.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company's stock worth $28,000 after buying an additional 917 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Verint Systems during the first quarter worth approximately $30,000. Innealta Capital LLC purchased a new stake in shares of Verint Systems during the second quarter worth approximately $36,000. Finally, FinTrust Capital Advisors LLC increased its stake in Verint Systems by 173.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company's stock valued at $39,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.
In related news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction on 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 directly owns 592,832 shares of the company's stock, valued at $15,324,707.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company's stock, valued at approximately $15,324,707.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares of the company's stock, valued at approximately $3,393,251.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock valued at $874,014 over the last three months. 1.70% of the stock is currently owned by company insiders.
Shares of VRNT opened at $21.88 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.35 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. The company's 50 day simple moving average is $26.39 and its 200-day simple moving average is $30.27. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $38.17.
Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly 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). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the prior year, the business earned $0.22 earnings per share. Verint Systems's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts predict that Verint Systems Inc. will post 1.97 EPS for the current year.
Several brokerages have commented on VRNT. Wedbush reiterated an "outperform" rating and issued a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. Jefferies Financial Group dropped their price target on shares of Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th. Evercore ISI dropped 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 research note on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.67.
Check Out Our Latest Stock Analysis on VRNT
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Verint Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verint Systems wasn't on the list.
While Verint Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.