Verint Systems (NASDAQ:VRNT) Shares Down 3.6% – Should You Sell?

Verint Systems Inc. (NASDAQ:VRNT) traded down 3.6% on Wednesday . The company traded as low as $24.95 and last traded at $24.96. 310,633 shares were traded during trading, a decline of 57% from the average session volume of 729,726 shares. The stock had previously closed at $25.88.

Analyst Ratings Changes

VRNT has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Up 0.3 %

The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.09 and a beta of 1.24. The firm’s 50-day moving average price is $26.38 and its 200 day moving average price is $27.72.

Insiders Place Their Bets

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the sale, the chief financial officer now owns 117,137 shares in the company, valued at approximately $3,426,257.25. The trade was a 9.91 % 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VRNT. Quarry LP boosted its holdings in shares of 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 acquiring an additional 489 shares in the last quarter. Quantbot Technologies LP bought a new position in Verint Systems in the third quarter valued at about $58,000. CWM LLC boosted its stake in shares of Verint Systems by 135.0% during the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,251 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Verint Systems by 29.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after buying an additional 1,630 shares during the period. Finally, Algert Global LLC bought a new position in Verint Systems in the 2nd quarter valued at approximately $202,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.