Verint Systems Inc. (NASDAQ:VRNT) Position Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 947,259 shares of the technology company's stock after selling 279,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.53% of Verint Systems worth $23,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP grew its stake in Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after purchasing an additional 489 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Verint Systems in the second quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Verint Systems in the second quarter valued at $43,000. Quantbot Technologies LP acquired a new stake in Verint Systems in the third quarter valued at $58,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Verint Systems during the 2nd quarter valued at $138,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Performance

NASDAQ VRNT traded down $1.33 during trading hours on Friday, hitting $30.63. The company had a trading volume of 1,833,611 shares, compared to its average volume of 708,303. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.90 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The business has a fifty day simple moving average of $23.75 and a 200-day simple moving average of $28.90.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data 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 8.49% and a return on equity of 16.04%. 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 earned $0.22 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts predict that Verint Systems Inc. will post 1.97 EPS for the current year.

Insider Activity

In other news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the transaction, the chief executive officer now directly owns 592,832 shares in the company, valued at $15,324,707.20. This trade represents a 2.78 % 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, insider Peter Fante sold 6,330 shares of the firm'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 $163,630.50. Following the transaction, the insider now owns 91,334 shares in the company, valued at $2,360,983.90. This represents a 6.48 % 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, September 5th. Evercore ISI lowered their price target on Verint Systems from $34.00 to $30.00 and set an "in-line" rating for the company in a report on Thursday, September 5th. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.67.

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.