ExodusPoint Capital Management LP Purchases 145,433 Shares of Verint Systems Inc. (NASDAQ:VRNT)

ExodusPoint Capital Management LP boosted its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 164.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 0.38% of Verint Systems worth $6,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in Verint Systems in the 4th quarter worth about $43,000. Parkside Financial Bank & Trust bought a new position in Verint Systems during the fourth quarter valued at about $52,000. Headlands Technologies LLC bought a new position in shares of Verint Systems during the 4th quarter valued at about $52,000. PNC Financial Services Group Inc. grew its stake 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 purchasing an additional 613 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Verint Systems in the 3rd quarter worth approximately $58,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRNT. 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 research report on Thursday, March 27th. Needham & Company LLC decreased their price target on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada cut their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Wedbush cut their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.33.

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Verint Systems Stock Down 5.3 %

Shares of NASDAQ:VRNT traded down $0.85 during trading on Thursday, reaching $15.22. 346,305 shares of the company traded hands, compared to its average volume of 769,219. The firm has a fifty day simple moving average of $21.91 and a 200 day simple moving average of $24.01. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $38.17. The firm has a market cap of $945.80 million, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. Analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share 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.