Farringdon Capital Ltd. Purchases New Shares in Verint Systems Inc. (NASDAQ:VRNT)

Farringdon Capital Ltd. acquired a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,086 shares of the technology company’s stock, valued at approximately $304,000.

A number of other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Verint Systems during the fourth quarter valued at approximately $22,528,000. Senvest Management LLC lifted its holdings in shares of Verint Systems by 9.1% in the fourth quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company’s stock valued at $43,298,000 after purchasing an additional 132,102 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Verint Systems in the fourth quarter worth $647,000. Philadelphia Trust Co. grew its holdings in shares of Verint Systems by 0.9% during the fourth quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock valued at $2,932,000 after buying an additional 1,000 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock valued at $53,000 after buying an additional 1,713 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Needham & Company LLC lowered their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Evercore ISI cut their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Wedbush cut their price target on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.33.

Insiders Place Their Bets

In other news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the transaction, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now owns 28,473 shares of the company’s stock, valued at approximately $457,561.11. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Verint Systems Price Performance

Shares of NASDAQ:VRNT opened at $15.99 on Friday. The stock has a market capitalization of $993.59 million, a P/E ratio of 17.01, a P/E/G ratio of 0.97 and a beta of 1.31. The business has a 50-day moving average of $20.53 and a two-hundred day moving average of $23.58. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The company had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same quarter last year, the firm posted $1.07 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

About Verint Systems

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.