49,782 Shares in Verint Systems Inc. (NASDAQ:VRNT) Purchased by L & S Advisors Inc

L & S Advisors Inc bought a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 49,782 shares of the technology company's stock, valued at approximately $1,603,000. L & S Advisors Inc owned about 0.08% of Verint Systems as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP purchased a new stake in shares of Verint Systems during the fourth quarter valued at $3,352,000. Charles Schwab Investment Management Inc. grew its stake in shares of Verint Systems by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company's stock worth $16,663,000 after acquiring an additional 24,952 shares during the period. Nomura Holdings Inc. raised its holdings in shares of Verint Systems by 565.7% during the fourth quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company's stock valued at $1,574,000 after purchasing an additional 49,500 shares during the last quarter. Norges Bank purchased a new position in shares of Verint Systems during the fourth quarter valued at approximately $18,601,000. Finally, Vanguard Group Inc. lifted its position in Verint Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company's stock valued at $194,145,000 after purchasing an additional 73,592 shares during the period. Institutional investors own 94.95% of the company's stock.

Verint Systems Stock Performance

NASDAQ:VRNT traded down $0.26 during mid-day trading on Wednesday, hitting $26.20. 588,458 shares of the company traded hands, compared to its average volume of 652,924. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average price is $31.67 and its 200-day moving average price is $31.70. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24. Verint Systems Inc. has a one year low of $18.41 and a one year high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same quarter last year, the firm posted $0.22 earnings per share. The company's revenue was up .0% compared to the same quarter last year. Research analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRNT. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Jefferies Financial Group cut their price objective on Verint Systems from $32.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, September 5th. TD Cowen lowered their target price on Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Insider Activity

In related news, CFO Grant A. Highlander sold 3,389 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now owns 131,267 shares of the company's stock, valued at approximately $3,393,251.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the completion of the sale, the chief executive officer now directly 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 SEC, which is available at this link. Also, CFO Grant A. Highlander sold 3,389 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the transaction, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. The disclosure for this sale can be found here. Insiders have sold 408,811 shares of company stock worth $13,534,014 in the last three months. Company insiders own 1.70% of the company's stock.

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.