Fuller & Thaler Asset Management Inc. Sells 53,443 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Fuller & Thaler Asset Management Inc. reduced its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,321,366 shares of the technology company's stock after selling 53,443 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 5.33% of Verint Systems worth $91,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRNT. Dark Forest Capital Management LP purchased a new position in shares of Verint Systems during the 4th quarter worth approximately $361,000. Hsbc Holdings PLC lifted its position in Verint Systems by 7.9% during the 4th quarter. Hsbc Holdings PLC now owns 82,206 shares of the technology company's stock valued at $2,261,000 after acquiring an additional 6,023 shares during the period. Mcmorgan & Co. LLC boosted its position in shares of Verint Systems by 27.4% in the 4th quarter. Mcmorgan & Co. LLC now owns 109,110 shares of the technology company's stock worth $2,995,000 after purchasing an additional 23,456 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Verint Systems by 5.2% in the fourth quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock worth $1,030,000 after acquiring an additional 1,853 shares during the last quarter. Finally, Natixis increased its position in shares of Verint Systems by 11,060.2% during the fourth quarter. Natixis now owns 85,264 shares of the technology company's stock valued at $2,340,000 after acquiring an additional 84,500 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Verint Systems stock opened at $16.20 on Wednesday. The firm's fifty day moving average is $20.11 and its 200 day moving average is $23.47. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.97 and a beta of 1.31. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17.

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

Insider Buying and Selling

In other news, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the transaction, the director now owns 28,473 shares of the company's stock, valued at approximately $457,561.11. This represents a 8.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction dated 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 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. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on VRNT shares. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Needham & Company LLC dropped their price target on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada decreased their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Finally, Wedbush dropped their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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