Verint Systems Inc. (NASDAQ:VRNT) Holdings Cut by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC decreased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 38.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,458 shares of the technology company's stock after selling 52,500 shares during the quarter. Mizuho Markets Americas LLC owned approximately 0.13% of Verint Systems worth $2,114,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its stake in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after acquiring an additional 489 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Verint Systems during the second quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems in the second quarter worth $43,000. SG Americas Securities LLC bought a new position in shares of Verint Systems during the 1st quarter valued at approximately $128,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Verint Systems in the 2nd quarter valued at about $138,000. 94.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Verint Systems news, insider Peter Fante sold 6,330 shares of the business'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 $163,630.50. Following the sale, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Elan Moriah sold 7,160 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the transaction, the president now directly owns 139,251 shares of the company's stock, valued at approximately $3,599,638.35. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,811 shares of company stock valued at $874,014. Insiders own 1.70% of the company's stock.

Verint Systems Trading Down 4.8 %

VRNT stock traded down $1.19 during trading on Friday, hitting $23.48. The company had a trading volume of 671,013 shares, compared to its average volume of 664,815. The firm has a market capitalization of $1.46 billion, a P/E ratio of 35.04, a PEG ratio of 0.99 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17. The company has a 50 day simple moving average of $23.97 and a 200-day simple moving average of $29.53.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The firm had revenue of $210.17 million for the quarter, compared to analysts' expectations of $212.81 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, September 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

Verint Systems Company 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.