Acadian Asset Management LLC Buys 41,859 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Acadian Asset Management LLC raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 4,185,900.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,860 shares of the technology company's stock after acquiring an additional 41,859 shares during the period. Acadian Asset Management LLC owned about 0.07% of Verint Systems worth $1,345,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of Verint Systems during the 4th quarter worth approximately $34,172,000. Norges Bank bought a new stake in Verint Systems during the fourth quarter worth $18,601,000. Mesirow Institutional Investment Management Inc. purchased a new position in Verint Systems in the first quarter worth $14,675,000. Victory Capital Management Inc. grew its stake in Verint Systems by 5.9% in the 2nd 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 period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company's stock valued at $26,242,000 after purchasing an additional 211,570 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Verint Systems Price Performance

NASDAQ VRNT traded down $0.02 on Monday, hitting $26.36. The stock had a trading volume of 1,020,017 shares, compared to its average volume of 653,234. The firm has a 50-day moving average of $31.75 and a 200-day moving average of $31.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $38.17. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $210.17 million for 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 16.17%. Verint Systems's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. Equities analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VRNT. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday, September 5th. TD Cowen dropped their target price 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, September 5th. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $30.00 and set an "in-line" rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group dropped their price objective on Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Insider Buying and Selling

In other news, 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 owns 609,764 shares of the company's stock, valued at approximately $20,585,632.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

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.