Gotham Asset Management LLC Reduces Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Gotham Asset Management LLC trimmed its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 61.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,336 shares of the technology company’s stock after selling 36,343 shares during the period. Gotham Asset Management LLC’s holdings in Verint Systems were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VRNT. Plato Investment Management Ltd bought a new position in shares of Verint Systems in the fourth quarter worth $43,000. Parkside Financial Bank & Trust bought a new stake in shares of Verint Systems during the 4th quarter valued at $52,000. Headlands Technologies LLC purchased a new stake in Verint Systems during the 4th quarter worth about $52,000. Sterling Capital Management LLC boosted its stake in Verint Systems by 808.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in 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 purchasing an additional 613 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems Trading Up 0.6%

Shares of VRNT opened at $18.19 on Monday. 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 1-year low of $14.15 and a 1-year high of $38.17. The company has a market capitalization of $1.10 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.97 and a beta of 1.45. The firm’s 50 day simple moving average is $18.10 and its 200 day simple moving average is $22.88.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The company had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. During the same period in the previous year, the company earned $1.07 EPS. Verint Systems’s quarterly revenue was down 4.4% on a year-over-year basis. Sell-side analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Peter Fante sold 9,439 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the sale, the director now directly owns 28,473 shares of the company’s stock, valued at $457,561.11. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VRNT shares. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Verint Systems in a research report on Friday, April 25th. Royal Bank of Canada decreased their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Wedbush reduced their price target on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Finally, Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.33.

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.