Raymond James Financial Inc. Takes Position in Verint Systems Inc. (NASDAQ:VRNT)

Raymond James Financial Inc. bought a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 192,213 shares of the technology company's stock, valued at approximately $5,276,000. Raymond James Financial Inc. owned approximately 0.31% of Verint Systems as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd bought a new stake in Verint Systems in the fourth quarter worth $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Verint Systems during the 4th quarter valued at about $52,000. Headlands Technologies LLC bought a new position in shares of Verint Systems in the 4th quarter valued at approximately $52,000. PNC Financial Services Group Inc. lifted its holdings in 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 worth $54,000 after purchasing an additional 613 shares during the last quarter. Finally, KBC Group NV boosted its position 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 purchasing an additional 1,449 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VRNT. 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 report on Friday, March 28th. Evercore ISI dropped their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a report on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Royal Bank of Canada dropped their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.33.

Insider Activity at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the business's 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 sale, the insider now owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director now 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. 1.70% of the stock is owned by insiders.

Verint Systems Stock Performance

Shares of NASDAQ VRNT traded up $0.31 during trading hours on Thursday, reaching $17.95. The stock had a trading volume of 182,867 shares, compared to its average volume of 778,051. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The business's fifty day moving average is $19.19 and its two-hundred day moving average is $23.24. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly 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). The business had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. As a group, research analysts expect that Verint Systems Inc. will post 1.92 EPS for the current year.

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.