Voya Investment Management LLC Has $4.55 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Voya Investment Management LLC reduced its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,688 shares of the technology company's stock after selling 20,262 shares during the quarter. Voya Investment Management LLC owned about 0.27% of Verint Systems worth $4,548,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VRNT. Plato Investment Management Ltd acquired a new position in Verint Systems during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems in the 4th quarter worth approximately $52,000. Headlands Technologies LLC bought a new position in Verint Systems during the 4th quarter valued at $52,000. Sterling Capital Management LLC increased its position in shares of Verint Systems by 808.0% during the 4th 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. raised its stake in shares of 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 buying an additional 613 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Verint Systems

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VRNT shares. Royal Bank of Canada lowered 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. Wedbush dropped their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Evercore ISI reduced 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 report on Thursday, March 27th. StockNews.com cut Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.33.

Verint Systems Trading Up 0.5 %

Verint Systems stock traded up $0.09 during midday trading on Friday, reaching $17.82. The stock had a trading volume of 535,851 shares, compared to its average volume of 794,439. The firm's fifty day simple moving average is $18.93 and its two-hundred day simple moving average is $23.16. 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 Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The business had revenue of $253.50 million for the quarter, compared to analysts' expectations of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current fiscal 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.