Fernwood Investment Management LLC Sells 3,400 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Fernwood Investment Management LLC cut its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 13.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,200 shares of the technology company’s stock after selling 3,400 shares during the period. Fernwood Investment Management LLC’s holdings in Verint Systems were worth $573,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VRNT. RGM Capital LLC increased its position in shares of Verint Systems by 1.4% during the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after purchasing an additional 42,732 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Verint Systems by 6.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after purchasing an additional 154,285 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Verint Systems by 8.9% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock valued at $23,817,000 after purchasing an additional 84,911 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Verint Systems by 56.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after purchasing an additional 235,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Verint Systems by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 591,511 shares of the technology company’s stock valued at $13,599,000 after purchasing an additional 24,473 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Verint Systems

In other news, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the sale, the president now directly owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Peter Fante sold 8,329 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $31.38, for a total value of $261,364.02. Following the completion of the sale, the insider now directly owns 43,540 shares of the company’s stock, valued at approximately $1,366,285.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the completion of the sale, the president now directly owns 79,953 shares of the company’s stock, valued at $2,608,066.86. The disclosure for this sale can be found here. Insiders sold 158,988 shares of company stock valued at $4,873,715 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VRNT. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Verint Systems Price Performance

VRNT stock traded down $0.11 during mid-day trading on Monday, reaching $30.82. 368,629 shares of the company traded hands, compared to its average volume of 544,978. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. The company has a market capitalization of $1.92 billion, a P/E ratio of 106.80, a P/E/G ratio of 1.31 and a beta of 1.20. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $40.28. The company has a fifty day moving average price of $30.94 and a 200-day moving average price of $27.43.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. As a group, analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Verint Systems 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.