Phocas Financial Corp. Trims Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Phocas Financial Corp. decreased its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 182,905 shares of the technology company’s stock after selling 11,509 shares during the quarter. Phocas Financial Corp.’s holdings in Verint Systems were worth $4,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP grew 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 purchasing an additional 489 shares during the period. Innealta Capital LLC purchased a new position in Verint Systems in the 2nd quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Verint Systems in the second quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new stake in shares of Verint Systems during the first quarter valued at approximately $128,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Verint Systems during the second quarter worth $138,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VRNT shares. Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Wednesday, September 25th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Evercore ISI cut their target price on shares of 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. Finally, Jefferies Financial Group decreased their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.67.

Insiders Place Their Bets

In other news, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dan Bodner sold 16,932 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock worth $874,014 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Verint Systems Stock Down 0.9 %

VRNT stock opened at $23.26 on Tuesday. The firm has a 50 day simple moving average of $23.92 and a 200 day simple moving average of $29.47. The firm has a market cap of $1.44 billion, a PE ratio of 34.72, a P/E/G ratio of 0.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. Verint Systems Inc. has a 12 month low of $21.27 and a 12 month high of $38.17.

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

Verint Systems 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.