Verint Systems (NASDAQ:VRNT) Stock Price Down 3.6% – What’s Next?

Verint Systems Inc. (NASDAQ:VRNT) shares fell 3.6% during mid-day trading on Wednesday . The stock traded as low as $24.95 and last traded at $24.96. 310,633 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 729,726 shares. The stock had previously closed at $25.88.

Analysts Set New Price Targets

VRNT has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Friday, January 10th. Finally, StockNews.com lowered Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Up 0.3 %

The firm’s 50 day simple moving average is $26.38 and its 200-day simple moving average is $27.72. 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 stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the sale, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % 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 corporate insiders.

Institutional Trading of Verint Systems

A number of hedge funds have recently made changes to their positions in the business. Quarry LP increased its holdings in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Verint Systems in the third quarter valued at $58,000. CWM LLC lifted its stake in shares of Verint Systems by 135.0% during the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after buying an additional 3,251 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Verint Systems by 29.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after buying an additional 1,630 shares during the last quarter. Finally, Algert Global LLC bought a new stake in shares of Verint Systems during the 2nd quarter worth about $202,000. 94.95% of the stock is owned by institutional investors and hedge funds.

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.