Glenmede Trust Co. NA Cuts Position in Verint Systems Inc. (NASDAQ:VRNT)

Glenmede Trust Co. NA lowered its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 467,324 shares of the technology company’s stock after selling 6,523 shares during the period. Glenmede Trust Co. NA’s holdings in Verint Systems were worth $11,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRNT. Quarry LP boosted its stake 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 in the last quarter. Innealta Capital LLC purchased a new stake in Verint Systems during the second quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Verint Systems in the second quarter valued at $43,000. Quantbot Technologies LP purchased a new position in shares of Verint Systems in the third quarter valued at $58,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Verint Systems during the 2nd quarter worth $138,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on VRNT shares. Wedbush reissued an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. TD Cowen cut their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group lowered their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, Evercore ISI decreased their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.67.

Verint Systems Stock Up 2.5 %

Shares of NASDAQ:VRNT opened at $25.20 on Friday. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The stock’s 50-day moving average price is $23.62 and its two-hundred day moving average price is $29.09. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 1.04 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same period in the prior year, the business posted $0.22 earnings per share. Verint Systems’s revenue was up .0% on a year-over-year basis. On average, research analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current year.

Insider Activity

In other Verint Systems news, CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the sale, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the transaction, the chief executive officer now owns 592,832 shares in the company, valued at approximately $15,324,707.20. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 in the last ninety days. Company insiders own 1.70% of the company’s stock.

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.