Raymond James Financial Inc. Acquires Shares of 192,213 Verint Systems Inc. (NASDAQ:VRNT)

Raymond James Financial Inc. acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 192,213 shares of the technology company's stock, valued at approximately $5,276,000. Raymond James Financial Inc. owned approximately 0.31% of Verint Systems at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in Verint Systems during the fourth quarter valued at about $371,000. Envestnet Asset Management Inc. boosted its stake in Verint Systems by 114.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 72,609 shares of the technology company's stock worth $1,993,000 after purchasing an additional 38,728 shares during the period. Wells Fargo & Company MN grew its position in Verint Systems by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock worth $1,280,000 after purchasing an additional 1,562 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in Verint Systems during the 4th quarter valued at $666,000. Finally, Pitcairn Co. purchased a new stake in shares of Verint Systems in the fourth quarter valued at $533,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Verint Systems Stock Up 0.3 %

VRNT stock traded up $0.05 during trading hours on Tuesday, hitting $18.27. The company's stock had a trading volume of 791,240 shares, compared to its average volume of 790,383. The stock has a 50 day moving average price of $19.46 and a two-hundred day moving average price of $23.31. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17. The company has a market capitalization of $1.14 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company's revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

VRNT has been the topic of a number of research analyst reports. Wedbush lowered their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Royal Bank of Canada dropped their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI dropped their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday, March 27th. Finally, Needham & Company LLC reissued a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research note on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.33.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the sale, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This represents a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

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.