Verint Systems (NASDAQ:VRNT) Trading Down 4.3% - What's Next?

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) shares were down 4.3% on Thursday . The stock traded as low as $20.25 and last traded at $20.53. Approximately 1,722,646 shares traded hands during trading, an increase of 83% from the average daily volume of 939,967 shares. The stock had previously closed at $21.44.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VRNT shares. Royal Bank Of Canada dropped their target price 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. Wall Street Zen cut Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Cowen restated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price target on shares of Verint Systems in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Thursday, June 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.33.

Verint Systems Trading Down 1.3%

The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The firm has a 50 day moving average price of $18.02 and a two-hundred day moving average price of $21.14.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The business had revenue of $173.62 million for the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The company's quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. As a group, research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction of $44,096.08. Following the sale, the director directly owned 28,473 shares of the company's stock, valued at approximately $457,561.11. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider owned 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verint Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clark Capital Management Group Inc. grew its position in shares of Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock worth $3,909,000 after buying an additional 515 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in 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 valued at $54,000 after acquiring an additional 613 shares in the last quarter. State of Wyoming boosted its stake in Verint Systems by 7.4% during the 1st quarter. State of Wyoming now owns 9,384 shares of the technology company's stock valued at $168,000 after acquiring an additional 646 shares during the last quarter. Philadelphia Trust Co. grew its holdings in Verint Systems by 0.9% during the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company's stock worth $2,932,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Verint Systems by 1.2% in the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock worth $3,346,000 after purchasing an additional 1,400 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.