22,877 Shares in Verint Systems Inc. (NASDAQ:VRNT) Purchased by Vestcor Inc

Vestcor Inc bought a new position in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,877 shares of the technology company’s stock, valued at approximately $628,000.

A number of other large investors have also added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. raised its holdings in Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after purchasing an additional 486,000 shares in the last quarter. State Street Corp raised its holdings in Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after purchasing an additional 23,400 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after purchasing an additional 317,804 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $38,004,000 after purchasing an additional 4,034 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings 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 in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $21.75 on Monday. The business’s 50 day moving average price is $24.54 and its 200 day moving average price is $25.19. The firm has a market cap of $1.35 billion, a P/E ratio of 23.14, a P/E/G ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 52 week low of $20.67 and a 52 week high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Insider Activity at Verint Systems

In other Verint Systems news, 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 sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the company’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 completion of the sale, the chief financial officer now owns 117,137 shares in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VRNT. Jefferies Financial Group upped their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.67.

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.