Verint Systems (NASDAQ:VRNT) Reaches New 12-Month Low – What’s Next?

Verint Systems Inc. (NASDAQ:VRNT)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $21.22 and last traded at $21.29, with a volume of 360703 shares changing hands. The stock had previously closed at $22.21.

Wall Street Analysts Forecast Growth

VRNT has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. Jefferies Financial Group raised their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Price Performance

The company has a market cap of $1.35 billion, a P/E ratio of 23.02, a PEG ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company has a fifty day simple moving average of $25.12 and a 200-day simple moving average of $25.58.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the sale, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Institutional Trading of Verint Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Verint Systems by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company’s stock worth $68,054,000 after acquiring an additional 338,454 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after purchasing an additional 486,000 shares in the last quarter. Senvest Management LLC lifted its position in shares of Verint Systems by 9.1% in the fourth quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company’s stock worth $43,298,000 after purchasing an additional 132,102 shares in the last quarter. State Street Corp boosted its holdings in shares of Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after purchasing an additional 23,400 shares during the period. Finally, Fisher Asset Management LLC grew its position in Verint Systems by 26.5% during the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after purchasing an additional 317,804 shares in the last quarter. Institutional investors and hedge funds own 94.95% 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.