Verint Systems Inc. (NASDAQ:VRNT) Stake Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 47.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 193,979 shares of the technology company's stock after selling 178,248 shares during the period. Russell Investments Group Ltd. owned approximately 0.31% of Verint Systems worth $5,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VRNT. Envestnet Asset Management Inc. boosted its position in shares of Verint Systems by 114.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 72,609 shares of the technology company's stock worth $1,993,000 after purchasing an additional 38,728 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Verint Systems by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock valued at $1,280,000 after acquiring an additional 1,562 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in shares of Verint Systems during the 4th quarter worth approximately $666,000. Pitcairn Co. purchased a new position in Verint Systems in the 4th quarter valued at approximately $533,000. Finally, ExodusPoint Capital Management LP boosted its position in Verint Systems by 164.6% during the fourth quarter. ExodusPoint Capital Management LP now owns 233,788 shares of the technology company's stock worth $6,417,000 after purchasing an additional 145,433 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This trade represents a 8.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value 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 disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VRNT. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Needham & Company LLC lowered their target price on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Wedbush reduced their price objective on 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 cut their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Verint Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Verint Systems Stock Up 0.2 %

NASDAQ:VRNT traded up $0.03 during mid-day trading on Friday, hitting $15.99. The company had a trading volume of 814,927 shares, compared to its average volume of 782,141. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17. The business has a fifty day simple moving average of $20.53 and a 200-day simple moving average of $23.58. 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 firm has a market capitalization of $993.59 million, a price-to-earnings ratio of 17.01, a PEG ratio of 0.97 and a beta of 1.31.

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 the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. Equities analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Verint Systems 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.