Raymond James Financial Inc. purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 192,213 shares of the technology company's stock, valued at approximately $5,276,000. Raymond James Financial Inc. owned about 0.31% of Verint Systems at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after acquiring an additional 23,400 shares during the period. Fisher Asset Management LLC raised its holdings in Verint Systems by 26.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company's stock worth $38,411,000 after purchasing an additional 317,804 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock worth $38,004,000 after purchasing an additional 4,034 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock valued at $21,298,000 after purchasing an additional 189,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Verint Systems by 8.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 705,227 shares of the technology company's stock worth $19,358,000 after buying an additional 53,486 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.
Verint Systems Stock Down 4.7 %
Verint Systems stock traded down $0.88 during midday trading on Friday, reaching $17.85. The stock had a trading volume of 1,453,274 shares, compared to its average volume of 754,792. The company has a fifty day moving average price of $23.75 and a two-hundred day moving average price of $24.68. Verint Systems Inc. has a 12 month low of $17.64 and a 12 month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.11 billion, a P/E ratio of 18.99, a PEG ratio of 0.97 and a beta of 1.29.
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 for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same period in the previous year, the company earned $1.07 earnings per share. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on VRNT. Royal Bank of Canada dropped their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday. Evercore ISI lowered their price objective on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday. Jefferies Financial Group upped their target price on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Needham & Company LLC lowered their target price on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. Finally, StockNews.com lowered Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday. 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 company has an average rating of "Moderate Buy" and a consensus price target of $30.33.
Read Our Latest Research Report on Verint Systems
About Verint Systems
(
Free Report)
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.
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