Martingale Asset Management L P decreased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,373 shares of the technology company’s stock after selling 12,990 shares during the quarter. Martingale Asset Management L P’s holdings in Verint Systems were worth $7,465,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of VRNT. Systematic Financial Management LP acquired a new stake in shares of Verint Systems in the 4th quarter worth $21,282,000. American Capital Management Inc. boosted its position in shares of Verint Systems by 23.7% in the 4th quarter. American Capital Management Inc. now owns 1,431,899 shares of the technology company’s stock worth $59,925,000 after purchasing an additional 274,094 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Verint Systems by 549.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 319,220 shares of the technology company’s stock worth $13,359,000 after purchasing an additional 270,081 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Verint Systems by 60.7% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 686,624 shares of the technology company’s stock worth $28,735,000 after purchasing an additional 259,439 shares in the last quarter. Finally, AMI Asset Management Corp acquired a new stake in shares of Verint Systems in the 4th quarter worth $10,834,000. 93.53% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on VRNT shares. BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Saturday, December 23rd. Finally, Oppenheimer reissued a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Verint Systems presently has a consensus rating of “Hold” and an average target price of $47.50.
Verint Systems Inc. (NASDAQ VRNT) opened at $39.90 on Friday. The stock has a market capitalization of $2,544.86, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63. Verint Systems Inc. has a 52 week low of $36.90 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. The company had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. analysts forecast that Verint Systems Inc. will post 1.82 earnings per share for the current fiscal year.
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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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