Mcmorgan & Co. LLC Acquires 23,456 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Mcmorgan & Co. LLC increased its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,110 shares of the technology company's stock after purchasing an additional 23,456 shares during the period. Mcmorgan & Co. LLC owned approximately 0.18% of Verint Systems worth $2,995,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNT. PNC Financial Services Group Inc. boosted its holdings in shares of Verint Systems by 45.7% in the 4th 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 in the last quarter. Philadelphia Trust Co. grew its position in Verint Systems by 0.9% in the fourth quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company's stock valued at $2,932,000 after acquiring an additional 1,000 shares during the last quarter. Swiss National Bank grew its position in Verint Systems by 1.2% in the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock valued at $3,346,000 after acquiring an additional 1,400 shares during the last quarter. KBC Group NV raised its stake in Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Verint Systems by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock worth $1,280,000 after acquiring an additional 1,562 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VRNT shares. Royal Bank of Canada lowered their price objective 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. Evercore ISI lowered 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 report on Thursday, March 27th. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush lowered their target price on Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $30.00 price target on shares of Verint Systems in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.33.

Verint Systems Trading Up 2.3 %

NASDAQ:VRNT traded up $0.41 during trading hours on Friday, hitting $18.37. 380,779 shares of the company were exchanged, compared to its average volume of 785,162. The company has a fifty day simple moving average of $19.78 and a 200 day simple moving average of $23.39. Verint Systems Inc. has a one year low of $14.15 and a one year high of $38.17. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. 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 (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems's revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share. Sell-side analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $44,096.08. Following the transaction, the director now owns 28,473 shares in the company, valued at $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 owned by insiders.

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.