Federated Hermes Inc. Has $873,000 Stake in Verint Systems Inc. (NASDAQ:VRNT)

Federated Hermes Inc. lowered its position in Verint Systems Inc. (NASDAQ:VRNT) by 76.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,801 shares of the technology company’s stock after selling 102,813 shares during the quarter. Federated Hermes Inc.’s holdings in Verint Systems were worth $873,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after buying an additional 613 shares during the period. Swiss National Bank grew its holdings in shares of Verint Systems by 1.2% in the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock valued at $3,346,000 after buying an additional 1,400 shares during the period. KBC Group NV raised its position in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. Wells Fargo & Company MN lifted its stake in Verint Systems by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company’s stock valued at $1,280,000 after buying an additional 1,562 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in Verint Systems during the 4th quarter worth about $43,000. Institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Peter Fante sold 9,439 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares of the company’s stock, valued at $337,425. The trade was a 31.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the sale, the director now directly owns 28,473 shares of the company’s stock, valued at approximately $457,561.11. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VRNT shares. Wedbush decreased their target price on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada dropped their target price on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Needham & Company LLC reduced their price target on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Finally, StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems currently has a consensus rating of “Moderate Buy” and an average price target of $30.33.

Verint Systems Stock Up 1.2 %

Shares of NASDAQ VRNT opened at $16.51 on Wednesday. The firm has a market cap of $1.03 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a 50 day simple moving average of $21.13 and a 200 day simple moving average of $23.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, research analysts forecast that Verint Systems Inc. will post 1.92 EPS 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.