Parkside Financial Bank & Trust Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Parkside Financial Bank & Trust bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,912 shares of the technology company’s stock, valued at approximately $52,000.

Several other hedge funds have also modified their holdings of VRNT. Fisher Asset Management LLC raised its position 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 acquiring an additional 317,804 shares in the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Verint Systems by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after purchasing an additional 227,000 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in shares of Verint Systems during the 3rd quarter worth $5,083,000. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after purchasing an additional 189,860 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Verint Systems by 141.4% in the third quarter. BNP Paribas Financial Markets now owns 151,266 shares of the technology company’s stock valued at $3,832,000 after purchasing an additional 88,616 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNT has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price 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 reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Price Performance

VRNT stock opened at $22.29 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock’s 50 day moving average price is $25.53 and its 200 day moving average price is $25.88. The firm has a market cap of $1.39 billion, a P/E ratio of 23.71, a PEG ratio of 0.97 and a beta of 1.24. Verint Systems Inc. has a 1 year low of $21.28 and a 1 year high of $38.17.

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.