Fernwood Investment Management LLC Has $573,000 Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Fernwood Investment Management LLC decreased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VRNT. CWM LLC lifted its position in Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after buying an additional 926 shares in the last quarter. Headlands Technologies LLC acquired a new position in Verint Systems during the 3rd quarter valued at about $117,000. AlphaMark Advisors LLC acquired a new position in Verint Systems during the 3rd quarter valued at about $166,000. Nomura Holdings Inc. acquired a new position in Verint Systems during the 3rd quarter valued at about $201,000. Finally, Empirical Asset Management LLC acquired a new position in Verint Systems during the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insiders Place Their Bets

In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at approximately $29,752,440. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, President Elan Moriah sold 14,353 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was 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 owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dan Bodner sold 35,039 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the sale, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at approximately $29,752,440. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock valued at $4,873,715 in the last quarter. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Verint Systems presently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Verint Systems Stock Down 0.4 %

NASDAQ:VRNT traded down $0.11 during trading hours on Monday, reaching $30.82. 368,629 shares of the stock were exchanged, compared to its average volume of 544,978. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. 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 firm has a 50 day moving average of $30.94 and a 200 day moving average of $27.43. The stock has a market cap of $1.92 billion, a PE ratio of 106.80, a PEG ratio of 1.31 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The firm had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. On average, equities analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Verint Systems Company 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.