ExodusPoint Capital Management LP Has $6.42 Million Holdings in Verint Systems Inc. (NASDAQ:VRNT)

ExodusPoint Capital Management LP lifted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 164.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,788 shares of the technology company’s stock after acquiring an additional 145,433 shares during the period. ExodusPoint Capital Management LP owned 0.38% of Verint Systems worth $6,417,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in Verint Systems in the 4th quarter worth $43,000. Headlands Technologies LLC bought a new position in Verint Systems during the fourth quarter valued at about $52,000. Parkside Financial Bank & Trust acquired a new position in Verint Systems in the 4th quarter valued at approximately $52,000. PNC Financial Services Group Inc. lifted its position in shares of Verint Systems by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after acquiring an additional 613 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Verint Systems during the 3rd quarter worth approximately $58,000. 94.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Verint Systems Price Performance

Shares of Verint Systems stock opened at $15.20 on Friday. The stock has a market capitalization of $944.50 million, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.29. The firm’s 50-day moving average price is $22.94 and its two-hundred day moving average price is $24.36. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 1-year low of $14.16 and a 1-year high of $38.17.

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

Verint Systems Company 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.