Nomura Holdings Inc. Sells 48,734 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Nomura Holdings Inc. trimmed its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 78.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,514 shares of the technology company's stock after selling 48,734 shares during the period. Nomura Holdings Inc.'s holdings in Verint Systems were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRNT. Plato Investment Management Ltd acquired a new stake in Verint Systems in the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new stake in Verint Systems during the fourth quarter valued at approximately $52,000. Headlands Technologies LLC bought a new stake in Verint Systems during the fourth quarter worth approximately $52,000. Sterling Capital Management LLC boosted its holdings in Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in 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 buying an additional 613 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VRNT has been the subject of several research reports. 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. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 target price on shares of Verint Systems in a report on Friday, April 25th. Royal Bank of Canada dropped their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Wedbush decreased their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Verint Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

Verint Systems Stock Up 1.0%

NASDAQ VRNT traded up $0.17 during trading on Wednesday, reaching $17.31. The company's stock had a trading volume of 101,606 shares, compared to its average volume of 798,734. 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 1-year low of $14.15 and a 1-year high of $38.17. The business has a 50-day moving average price of $17.44 and a 200-day moving average price of $22.60. The stock has a market capitalization of $1.04 billion, a PE ratio of 18.48, a PEG ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Verint Systems

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction that occurred 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 sale, the director now directly owns 28,473 shares in the company, valued at $457,561.11. The trade was a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

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.