Stanley Laman Group Ltd. Sells 3,026 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Stanley Laman Group Ltd. lowered its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,759 shares of the technology company’s stock after selling 3,026 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.18% of Verint Systems worth $3,048,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VRNT. Fort Washington Investment Advisors Inc. OH boosted its position in Verint Systems by 56.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after purchasing an additional 235,900 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Verint Systems by 6.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after purchasing an additional 154,285 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Verint Systems by 276.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 128,667 shares of the technology company’s stock valued at $2,969,000 after purchasing an additional 94,483 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Verint Systems in the third quarter valued at approximately $962,000. Finally, California Public Employees Retirement System raised its stake in Verint Systems by 7.0% in the third quarter. California Public Employees Retirement System now owns 320,663 shares of the technology company’s stock valued at $7,372,000 after purchasing an additional 20,981 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNT has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.20.

Insider Transactions at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total value of $1,051,170.00. Following the completion of the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at approximately $29,752,440. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the sale, the chief executive officer now directly owns 991,748 shares in the company, valued at approximately $29,752,440. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Elan Moriah sold 14,353 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the sale, the president now owns 79,953 shares of the company’s stock, valued at $2,608,066.86. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock valued at $4,873,715 in the last quarter. 2.20% of the stock is owned by insiders.

Verint Systems Stock Up 2.4 %

Shares of VRNT traded up $0.73 during trading hours on Friday, hitting $30.93. The company had a trading volume of 399,783 shares, compared to its average volume of 547,157. The firm has a fifty day moving average price of $30.94 and a 200-day moving average price of $27.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 106.66, a P/E/G ratio of 1.31 and a beta of 1.20. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $40.28.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. On average, equities research analysts forecast that Verint Systems Inc. will post 1.97 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.