24,270 Shares in Verint Systems Inc. (NASDAQ:VRNT) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,270 shares of the technology company's stock, valued at approximately $666,000.

A number of other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 45.7% during the fourth 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 in the last quarter. Swiss National Bank increased its stake in Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock worth $3,346,000 after buying an additional 1,400 shares in the last quarter. KBC Group NV raised its holdings in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after acquiring an additional 1,449 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Verint Systems in the fourth quarter valued at approximately $43,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Verint Systems by 29.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after acquiring an additional 1,630 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com lowered Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Royal Bank of Canada reduced their target price 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. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research report on Thursday, March 27th. Wedbush cut their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, Needham & Company LLC lowered their target price on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

Verint Systems Trading Down 5.0 %

Verint Systems stock traded down $0.80 during midday trading on Thursday, hitting $15.27. 426,328 shares of the stock were exchanged, compared to its average volume of 769,469. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock's 50-day simple moving average is $21.91 and its 200 day simple moving average is $24.01. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The stock has a market capitalization of $948.91 million, a price-to-earnings ratio of 16.26, a PEG 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same quarter in the prior year, the business earned $1.07 EPS. The firm's quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current year.

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.