Fuller & Thaler Asset Management Inc. Lowers Position in Verint Systems Inc. (NASDAQ:VRNT)

Fuller & Thaler Asset Management Inc. decreased its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,321,366 shares of the technology company's stock after selling 53,443 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 5.33% of Verint Systems worth $91,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNT. Geode Capital Management LLC boosted its stake in shares of Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after purchasing an additional 4,034 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Verint Systems during the 3rd quarter worth approximately $311,000. Franklin Resources Inc. grew its holdings in Verint Systems by 9.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock worth $968,000 after acquiring an additional 3,585 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock valued at $194,000 after acquiring an additional 1,630 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Verint Systems by 13.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company's stock valued at $2,610,000 after acquiring an additional 11,285 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Trading Down 1.6 %

VRNT stock traded down $0.30 during mid-day trading on Monday, reaching $17.94. The company's stock had a trading volume of 202,692 shares, compared to its average volume of 788,168. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The business's 50 day moving average price is $19.62 and its 200 day moving average price is $23.35. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VRNT. Evercore ISI decreased their price objective on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research note on Friday. StockNews.com lowered Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. 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 research report 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 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction on Tuesday, April 15th. The shares were 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 of the company's stock, valued at approximately $337,425. This trade represents a 31.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the transaction, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

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.