Verint Systems (NASDAQ:VRNT) Sets New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

Verint Systems Stock Performance

The firm has a fifty day simple moving average of $25.12 and a 200 day simple moving average of $25.58. 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 market cap of $1.35 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 0.97 and a beta of 1.29.

Insiders Place Their Bets

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the sale, the chief financial officer now owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VRNT. State Street Corp raised its holdings in Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after acquiring an additional 23,400 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after purchasing an additional 227,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after purchasing an additional 4,034 shares in the last quarter. Quantbot Technologies LP bought a new position in Verint Systems in the third quarter worth $58,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Verint Systems by 32.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after purchasing an additional 189,860 shares during the period. 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.