Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Oak Associates Ltd. OH

Oak Associates Ltd. OH reduced its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 31.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,583 shares of the technology company’s stock after selling 3,915 shares during the quarter. Oak Associates Ltd. OH’s holdings in Verint Systems were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in shares of Verint Systems in the fourth quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Verint Systems in the 4th quarter worth $52,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems during the fourth quarter worth $52,000. PNC Financial Services Group Inc. lifted its holdings in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after purchasing an additional 613 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Down 3.8 %

Verint Systems stock opened at $15.46 on Friday. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $960.65 million, a PE ratio of 16.45, a P/E/G ratio of 0.97 and a beta of 1.31. The firm’s 50 day moving average price is $21.72 and its two-hundred day moving average price is $23.95.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share 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 during the quarter, compared to analyst estimates of $276.82 million. During the same period last year, the company posted $1.07 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. On average, research analysts predict that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI cut their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday, March 27th. StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. 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. Wedbush cut their target price on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, Needham & Company LLC decreased their target price 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

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.