Vestcor Inc Invests $628,000 in Verint Systems Inc. (NASDAQ:VRNT)

Vestcor Inc acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 22,877 shares of the technology company's stock, valued at approximately $628,000.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after buying an additional 23,400 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock valued at $31,199,000 after acquiring an additional 227,000 shares during the period. Geode Capital Management LLC raised its stake in Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after acquiring an additional 4,034 shares during the period. Quantbot Technologies LP bought a new stake in Verint Systems in the 3rd quarter valued at $58,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in 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 acquiring an additional 189,860 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VRNT shares. Jefferies Financial Group increased their price target on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and an average target price of $35.67.

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Verint Systems Price Performance

Shares of NASDAQ VRNT traded down $0.59 during mid-day trading on Thursday, reaching $21.89. The company had a trading volume of 445,804 shares, compared to its average volume of 723,319. The business's 50-day simple moving average is $24.34 and its 200 day simple moving average is $25.04. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a one year low of $20.67 and a one 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.