Invictus RG bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,086 shares of the technology company’s stock, valued at approximately $255,000.
A number of other hedge funds also recently bought and sold shares of VRNT. ETF Managers Group LLC acquired a new position in Verint Systems in the second quarter valued at about $18,069,000. Pioneer Investment Management Inc. acquired a new position in Verint Systems in the second quarter valued at about $17,386,000. Numeric Investors LLC acquired a new position in Verint Systems in the second quarter valued at about $15,731,000. Russell Investments Group Ltd. raised its stake in Verint Systems by 549.6% in the third quarter. Russell Investments Group Ltd. now owns 319,220 shares of the technology company’s stock valued at $13,359,000 after purchasing an additional 270,081 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Verint Systems by 60.7% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 686,624 shares of the technology company’s stock valued at $28,735,000 after purchasing an additional 259,439 shares in the last quarter. 93.40% of the stock is owned by institutional investors and hedge funds.
Verint Systems Inc. (NASDAQ VRNT) opened at $40.10 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.59 and a current ratio of 1.63. The company has a market capitalization of $2,737.41, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. Verint Systems Inc. has a 52 week low of $33.40 and a 52 week high of $44.70.
Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.32. The firm had revenue of $280.70 million during the quarter, compared to the consensus estimate of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. sell-side analysts forecast that Verint Systems Inc. will post 1.81 EPS for the current year.
A number of research firms recently commented on VRNT. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a research note on Thursday. Zacks Investment Research downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Deutsche Bank boosted their target price on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $48.00 target price on shares of Verint Systems in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Verint Systems presently has a consensus rating of “Buy” and an average price target of $46.43.
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Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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