abrdn plc Has $16.35 Million Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

abrdn plc trimmed its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 604,963 shares of the technology company's stock after selling 90,603 shares during the period. abrdn plc owned 0.96% of Verint Systems worth $16,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its position in Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company's stock worth $30,000 after purchasing an additional 926 shares during the period. Headlands Technologies LLC purchased a new stake in Verint Systems during the 3rd quarter worth $117,000. Counterpoint Mutual Funds LLC purchased a new stake in Verint Systems during the 3rd quarter worth $122,000. AlphaMark Advisors LLC purchased a new stake in Verint Systems during the 3rd quarter worth $166,000. Finally, Empirical Asset Management LLC purchased a new stake in Verint Systems during the 4th quarter worth $210,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Dan Bodner sold 68,372 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the sale, the chief executive officer now owns 924,102 shares in the company, valued at $27,723,060. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Verint Systems news, CFO Grant A. Highlander sold 2,062 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the transaction, the chief financial officer now owns 82,442 shares in the company, valued at approximately $2,480,679.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dan Bodner sold 68,372 shares of the company's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the completion of the transaction, the chief executive officer now owns 924,102 shares of the company's stock, valued at approximately $27,723,060. The disclosure for this sale can be found here. Insiders have sold a total of 227,360 shares of company stock worth $6,924,875 over the last quarter. 2.20% of the stock is owned by company insiders.

Verint Systems Stock Down 2.7 %

Shares of Verint Systems stock traded down $0.84 during trading on Thursday, reaching $30.20. The company had a trading volume of 358,680 shares, compared to its average volume of 548,998. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 104.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The firm's fifty day moving average is $30.97 and its 200-day moving average is $27.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. On average, analysts anticipate that Verint Systems Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VRNT. Oppenheimer reaffirmed a "market perform" rating on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Finally, TheStreet upgraded shares of Verint Systems from a "d+" rating to a "c-" rating in a report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Verint Systems presently has an average rating of "Moderate Buy" and a consensus price target of $35.20.

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.