8,168 Shares in Verint Systems Inc. (NASDAQ:VRNT) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,168 shares of the technology company’s stock, valued at approximately $224,000.

Other large investors also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Verint Systems in the 4th quarter worth about $43,000. Parkside Financial Bank & Trust purchased a new stake in Verint Systems during the 4th quarter worth approximately $52,000. Headlands Technologies LLC purchased a new stake in Verint Systems during the 4th quarter worth approximately $52,000. Sterling Capital Management LLC increased its stake in Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Verint Systems by 45.7% during 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. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on VRNT. Evercore ISI cut their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada cut their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Wedbush cut their price objective on 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 Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of Verint Systems in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and an average target price of $30.33.

Insider Activity

In related news, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Fante sold 9,439 shares of the stock in a transaction that occurred on 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 now owns 20,450 shares of the company’s stock, valued at $337,425. The trade was a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Verint Systems Price Performance

VRNT stock opened at $18.69 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The business has a 50 day simple moving average of $18.30 and a 200-day simple moving average of $22.95. The firm has a market capitalization of $1.16 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million during 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%. Verint Systems’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. Equities research analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

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.