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

State of Wyoming lessened its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 73.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,738 shares of the technology company's stock after selling 24,574 shares during the period. State of Wyoming's holdings in Verint Systems were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Verint Systems by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock worth $68,054,000 after purchasing an additional 338,454 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in Verint Systems by 39.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after purchasing an additional 486,000 shares in the last quarter. Senvest Management LLC boosted its stake in Verint Systems by 9.1% during the fourth quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company's stock worth $43,298,000 after buying an additional 132,102 shares during the last quarter. William Blair Investment Management LLC raised its stake in Verint Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock worth $38,613,000 after purchasing an additional 32,682 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Verint Systems by 48.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock worth $34,683,000 after buying an additional 412,655 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on VRNT shares. Needham & Company LLC restated a "buy" rating and set a $30.00 price target on shares of Verint Systems in a research report on Friday, April 25th. Wall Street Zen downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI dropped their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday, March 27th. Wedbush dropped their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Finally, Royal Bank of Canada lowered their price target on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Verint Systems Stock Performance

Shares of VRNT traded up $0.34 during mid-day trading on Tuesday, reaching $17.14. 594,125 shares of the company's stock traded hands, compared to its average volume of 801,038. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The business's 50-day moving average price is $17.53 and its 200-day moving average price is $22.64. The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company's revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share. Equities analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Verint Systems

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

About Verint Systems

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.