Marshall Wace LLP Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Marshall Wace LLP bought a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 820,706 shares of the technology company's stock, valued at approximately $22,528,000. Marshall Wace LLP owned about 1.32% of Verint Systems as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Plato Investment Management Ltd acquired a new position in Verint Systems during the fourth quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Verint Systems in the 4th quarter valued at about $52,000. Headlands Technologies LLC acquired a new stake in Verint Systems during the fourth quarter worth about $52,000. Sterling Capital Management LLC grew its stake in shares of Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after purchasing an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. lifted 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 valued at $54,000 after purchasing an additional 613 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 equities analysts have weighed in on the stock. Needham & Company LLC reduced their price objective on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Evercore ISI decreased their target price on 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 reduced their price objective 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. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.33.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at $337,425. This represents a 31.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares of the company's stock, valued at $457,561.11. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Verint Systems Trading Up 6.6 %

NASDAQ VRNT traded up $1.12 on Thursday, reaching $17.97. The stock had a trading volume of 628,488 shares, compared to its average volume of 786,209. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $19.93 and a two-hundred day moving average price of $23.43. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $38.17. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released 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 net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same period in the prior year, the firm earned $1.07 earnings per share. The business's revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Verint Systems Inc. will post 1.92 EPS 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.