Mizuho Markets Americas LLC Sells 52,500 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Mizuho Markets Americas LLC reduced its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 38.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,458 shares of the technology company’s stock after selling 52,500 shares during the quarter. Mizuho Markets Americas LLC owned 0.13% of Verint Systems worth $2,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VRNT. Quarry LP raised its position in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after buying an additional 489 shares during the last quarter. Innealta Capital LLC acquired a new position in Verint Systems in the 2nd quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Verint Systems in the 2nd quarter worth approximately $43,000. SG Americas Securities LLC acquired a new stake in shares of Verint Systems during the 1st quarter worth approximately $128,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Verint Systems in the second quarter valued at $138,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Price Performance

Shares of VRNT stock opened at $23.48 on Friday. Verint Systems Inc. has a 52 week low of $21.27 and a 52 week high of $38.17. The stock has a market capitalization of $1.46 billion, a PE ratio of 35.04, a PEG ratio of 0.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The stock’s fifty day moving average is $23.97 and its 200-day moving average is $29.53.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Elan Moriah sold 7,160 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now owns 139,251 shares in the company, valued at $3,599,638.35. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock worth $874,014 in the last quarter. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRNT. TD Cowen lowered their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group cut their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.67.

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.