MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Verint Systems Inc. (NASDAQ:VRNT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 243,629 shares of the technology company's stock after purchasing an additional 26,514 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.39% of Verint Systems worth $6,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in shares of Verint Systems in the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust bought a new stake in shares of Verint Systems in the fourth quarter worth approximately $52,000. Headlands Technologies LLC bought a new stake in shares of Verint Systems in the fourth quarter worth approximately $52,000. Sterling Capital Management LLC grew its stake in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after acquiring an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after acquiring an additional 613 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Verint Systems

In other news, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the transaction, the director now owns 28,473 shares of the company's stock, valued at approximately $457,561.11. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the business's 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 completion of the transaction, the insider now directly owns 20,450 shares in the company, valued at $337,425. This trade represents a 31.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Verint Systems Stock Performance

NASDAQ VRNT traded down $0.26 during trading hours on Friday, hitting $16.80. 620,699 shares of the company's stock traded hands, compared to its average volume of 801,018. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $38.17. The firm has a market capitalization of $1.01 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.97 and a beta of 1.45. The business's fifty day moving average price is $17.64 and its two-hundred day moving average price is $22.71.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $253.50 million for the quarter, compared to analysts' expectations of $276.82 million. During the same period in the prior year, the firm earned $1.07 EPS. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VRNT shares. Evercore ISI reduced their price target on shares of 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. Wedbush cut their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research report on Friday, April 25th. Finally, Royal Bank of Canada cut their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report 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 has an average rating of "Moderate Buy" and a consensus price target of $30.33.

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.