Janney Montgomery Scott LLC Acquires New Shares in Verint Systems Inc. (NASDAQ:VRNT)

Janney Montgomery Scott LLC bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,048 shares of the technology company’s stock, valued at approximately $1,484,000. Janney Montgomery Scott LLC owned 0.09% of Verint Systems as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in shares of Verint Systems by 58.1% in the 4th quarter. SG Americas Securities LLC now owns 28,675 shares of the technology company’s stock valued at $787,000 after purchasing an additional 10,540 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of 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 buying an additional 189,860 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Verint Systems by 19.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company’s stock worth $2,925,000 after buying an additional 17,123 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Verint Systems by 19.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company’s stock worth $1,394,000 after buying an additional 8,116 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Verint Systems by 13.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company’s stock valued at $2,610,000 after buying an additional 11,285 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Friday, January 10th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Stock Down 1.3 %

Shares of VRNT stock opened at $25.04 on Tuesday. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The stock has a market cap of $1.56 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.10 and a beta of 1.24. The stock has a 50 day moving average of $26.61 and a 200 day moving average of $27.09. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction on Thursday, December 19th. The shares were 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 of the company’s stock, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This represents a 9.91 % 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.

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.