abrdn plc Sells 42,209 Shares of Verint Systems Inc. (NASDAQ:VRNT)

abrdn plc trimmed its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 448,523 shares of the technology company's stock after selling 42,209 shares during the period. abrdn plc owned 0.73% of Verint Systems worth $11,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP boosted its position in shares of Verint Systems by 160.9% in the second 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. Fidelis Capital Partners LLC bought a new stake in shares of Verint Systems in the 1st quarter valued at about $30,000. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company's stock valued at $28,000 after purchasing an additional 917 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Verint Systems in the 2nd quarter valued at approximately $36,000. Finally, FinTrust Capital Advisors LLC raised its position in Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company's stock worth $39,000 after buying an additional 754 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Up 0.8 %

Shares of NASDAQ VRNT traded up $0.16 during mid-day trading on Friday, reaching $21.46. 399,258 shares of the company traded hands, compared to its average volume of 707,605. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market cap of $1.33 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 0.90 and a beta of 1.26. The company's fifty day moving average is $25.27 and its two-hundred day moving average is $29.95. Verint Systems Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced 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). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same quarter in the prior year, the business posted $0.22 EPS. Verint Systems's revenue was up .0% compared to the same quarter last year. On average, analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research note on Wednesday, September 25th. TD Cowen lowered their target price on Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group decreased their price target on Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Finally, Evercore ISI dropped their target price on Verint Systems from $34.00 to $30.00 and set an "in-line" rating on the stock in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

Insider Transactions at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the transaction, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,811 shares of company stock worth $874,014 in the last three months. Insiders own 1.70% of the company's stock.

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.