Wakefield Asset Management LLLP Purchases New Shares in Verint Systems Inc. (NASDAQ:VRNT)

Wakefield Asset Management LLLP bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 28,485 shares of the technology company's stock, valued at approximately $917,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VRNT. Victory Capital Management Inc. grew its holdings in Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company's stock valued at $133,412,000 after purchasing an additional 232,499 shares during the last quarter. Mesirow Institutional Investment Management Inc. grew its position in shares of Verint Systems by 20.7% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 534,447 shares of the technology company's stock valued at $17,209,000 after purchasing an additional 91,762 shares during the period. Rhumbline Advisers increased its stake in shares of Verint Systems by 15.0% during the 2nd quarter. Rhumbline Advisers now owns 106,134 shares of the technology company's stock valued at $3,418,000 after acquiring an additional 13,817 shares during the last quarter. Versor Investments LP acquired a new position in Verint Systems during the second quarter worth approximately $374,000. Finally, Mizuho Markets Americas LLC increased its holdings in shares of Verint Systems by 106.1% during the 2nd quarter. Mizuho Markets Americas LLC now owns 135,958 shares of the technology company's stock worth $4,378,000 after buying an additional 70,000 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VRNT has been the subject of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday. TD Cowen dropped their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $30.00 and set an "in-line" rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group dropped their price target on Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Verint Systems has an average rating of "Moderate Buy" and a consensus target price of $34.17.

Insider Activity

In other news, insider Peter Fante sold 4,417 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total value of $161,662.20. Following the completion of the transaction, the insider now owns 98,975 shares of the company's stock, valued at $3,622,485. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Peter Fante sold 4,417 shares of the company's stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total value of $161,662.20. Following the completion of the sale, the insider now directly owns 98,975 shares of the company's stock, valued at approximately $3,622,485. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dan Bodner sold 375,000 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the transaction, the chief executive officer now directly owns 609,764 shares of the company's stock, valued at $20,585,632.64. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Verint Systems Stock Performance

NASDAQ VRNT traded down $0.33 during trading hours on Friday, hitting $26.21. The company had a trading volume of 1,480,836 shares, compared to its average volume of 639,217. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $38.17. The firm has a market cap of $1.62 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $32.46 and a 200-day simple moving average of $31.95.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.27%. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts predict that Verint Systems Inc. will post 1.99 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.