Verint Systems (NASDAQ:VRNT) Reaches New 12-Month Low - Should You Sell?

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.36 and last traded at $17.64, with a volume of 801775 shares. The stock had previously closed at $18.27.

Analyst Ratings Changes

VRNT has been the subject of a number of research analyst reports. Evercore ISI cut 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. Wedbush cut 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 note on Friday, March 28th. 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 reiterated a "buy" rating and set a $30.00 price objective on shares of Verint Systems in a research report on Friday, April 25th. Finally, Royal Bank of Canada decreased their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.33.

Verint Systems Price Performance

The company has a market cap of $1.10 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. The stock has a fifty day moving average price of $18.82 and a 200-day moving average price of $23.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced 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). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business had revenue of $253.50 million during the quarter, compared to analysts' expectations of $276.82 million. During the same period in the prior year, the company posted $1.07 earnings per share. The firm's revenue was down 4.4% on a year-over-year basis. On average, equities analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insider Activity at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares of the company's stock, valued at $337,425. This trade represents a 31.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now owns 28,473 shares of the company's stock, valued at approximately $457,561.11. This represents a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Verint Systems

Institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new position in Verint Systems during the fourth quarter valued at about $43,000. Parkside Financial Bank & Trust bought a new stake in Verint Systems during the fourth quarter worth approximately $52,000. Headlands Technologies LLC acquired a new position in Verint Systems during the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC raised its position in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after purchasing an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after buying an additional 613 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.