Verint Systems Inc. (NASDAQ:VRNT) Position Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 48.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,263,502 shares of the technology company's stock after purchasing an additional 412,655 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.03% of Verint Systems worth $34,683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 45.7% during 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 in the last quarter. Swiss National Bank boosted its holdings in shares of Verint Systems by 1.2% during the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock worth $3,346,000 after purchasing an additional 1,400 shares during the last quarter. KBC Group NV grew its position in shares of Verint Systems by 75.0% in the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after purchasing an additional 1,449 shares during the period. Plato Investment Management Ltd acquired a new position in Verint Systems in the fourth quarter valued at $43,000. Finally, Central Pacific Bank Trust Division lifted its position in Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after buying an additional 1,630 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.

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Verint Systems Stock Down 4.8 %

Shares of VRNT traded down $0.77 during midday trading on Thursday, reaching $15.31. 315,227 shares of the company were exchanged, compared to its average volume of 768,990. 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 $14.15 and a 1-year high of $38.17. The company has a market cap of $951.02 million, a price-to-earnings ratio of 16.35, a P/E/G ratio of 0.97 and a beta of 1.31. The stock has a 50-day moving average price of $21.91 and a 200-day moving average price of $24.01.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued 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 company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

VRNT has been the subject of a number of research analyst reports. Needham & Company LLC dropped 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 note on Thursday, March 27th. Evercore ISI dropped their price target on shares of 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. Royal Bank of Canada decreased their price target on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Wedbush cut their target price on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

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.