Federated Hermes Inc. Sells 102,813 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Federated Hermes Inc. reduced its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 76.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,801 shares of the technology company's stock after selling 102,813 shares during the quarter. Federated Hermes Inc. owned about 0.05% of Verint Systems worth $873,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after acquiring an additional 23,400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Verint Systems during the fourth quarter valued at $5,276,000. Geode Capital Management LLC boosted its position in shares of Verint Systems by 0.3% in the 3rd 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 period. KLP Kapitalforvaltning AS purchased a new position in Verint Systems in the 4th quarter worth about $321,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Verint Systems by 32.4% during the 4th 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 period. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Up 0.2 %

NASDAQ VRNT traded up $0.03 during trading on Friday, hitting $15.99. 814,927 shares of the company traded hands, compared to its average volume of 782,141. The company has a market capitalization of $993.59 million, a P/E ratio of 17.01, a PEG ratio of 0.97 and a beta of 1.31. The business has a fifty day simple moving average of $20.53 and a 200 day simple moving average of $23.58. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results 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 company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same period in the previous year, the company earned $1.07 EPS. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

VRNT has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Wedbush cut their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Needham & Company LLC reduced their price objective on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

Insider Activity

In other news, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the transaction, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. This represents a 31.58 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

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.