Janney Montgomery Scott LLC Invests $1.48 Million in Verint Systems Inc. (NASDAQ:VRNT)

Janney Montgomery Scott LLC purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 54,048 shares of the technology company's stock, valued at approximately $1,484,000. Janney Montgomery Scott LLC owned approximately 0.09% of Verint Systems at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after purchasing an additional 23,400 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Verint Systems by 26.5% during the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company's stock worth $38,411,000 after purchasing an additional 317,804 shares during the period. Geode Capital Management LLC increased its holdings in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after purchasing an additional 4,034 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its stake in Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock valued at $31,199,000 after buying an additional 227,000 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Verint Systems by 32.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock worth $21,298,000 after buying an additional 189,860 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares of the company's stock, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Fante sold 16,233 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Verint Systems presently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

Verint Systems Stock Down 1.7 %

Shares of VRNT traded down $0.44 during midday trading on Friday, hitting $25.68. The stock had a trading volume of 506,955 shares, compared to its average volume of 619,398. 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 firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. The company has a 50 day simple moving average of $26.71 and a two-hundred day simple moving average of $26.96. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17.

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.