State of Wyoming Sells 24,574 Shares of Verint Systems Inc. (NASDAQ:VRNT)

State of Wyoming lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,738 shares of the technology company's stock after selling 24,574 shares during the quarter. State of Wyoming's holdings in Verint Systems were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VRNT. Plato Investment Management Ltd purchased a new position in Verint Systems in the 4th quarter valued at approximately $43,000. Parkside Financial Bank & Trust purchased a new position in Verint Systems during the fourth quarter worth $52,000. Headlands Technologies LLC purchased a new stake in shares of Verint Systems in the fourth quarter valued at $52,000. Sterling Capital Management LLC grew its position 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 valued at $53,000 after purchasing an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. grew its position 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 valued at $54,000 after purchasing an additional 613 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT traded up $0.04 during midday trading on Thursday, hitting $17.29. The company's stock had a trading volume of 401,700 shares, compared to its average volume of 801,323. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 0.97 and a beta of 1.45. The stock's 50 day simple moving average is $17.35 and its 200 day simple moving average is $22.56. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

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

Insider Buying and Selling at Verint Systems

In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now directly owns 28,473 shares of the company's stock, valued at $457,561.11. The trade was a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Fante sold 9,439 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were 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 owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

VRNT has been the subject of a number of research reports. Evercore ISI lowered their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Wall Street Zen cut Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush cut their price objective on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. 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. Finally, Royal Bank of Canada decreased their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.33.

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.