Verint Systems Inc. (NASDAQ:VRNT) Position Raised by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 626.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,524 shares of the technology company's stock after purchasing an additional 14,250 shares during the quarter. Quantbot Technologies LP's holdings in Verint Systems were worth $454,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VRNT. Plato Investment Management Ltd purchased a new stake in shares of Verint Systems during the 4th quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems in the fourth quarter worth $52,000. PNC Financial Services Group Inc. increased its position in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after acquiring an additional 613 shares in the last quarter. KBC Group NV raised its stake in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after acquiring an additional 1,449 shares during the period. Finally, Campbell Capital Management Inc. acquired a new position in shares of Verint Systems during the 4th quarter valued at $110,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on VRNT. StockNews.com lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Needham & Company LLC reduced their price target on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada lowered their price objective 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. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Finally, Evercore ISI decreased their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

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Verint Systems Stock Down 1.2 %

VRNT traded down $0.22 during trading on Tuesday, hitting $17.63. The company had a trading volume of 416,276 shares, compared to its average volume of 755,068. Verint Systems Inc. has a 1-year low of $17.27 and a 1-year high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market cap of $1.10 billion, a PE ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.29. The business has a 50-day moving average of $23.61 and a 200-day moving average of $24.62.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. As a group, analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current 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.