Sei Investments Co. Has $2.12 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Sei Investments Co. lessened its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,304 shares of the technology company's stock after selling 62,841 shares during the period. Sei Investments Co. owned about 0.12% of Verint Systems worth $2,122,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VRNT. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after purchasing an additional 613 shares during the period. Swiss National Bank lifted its stake in Verint Systems by 1.2% in the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock valued at $3,346,000 after buying an additional 1,400 shares during the last quarter. KBC Group NV lifted its stake in Verint Systems by 75.0% in the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after buying an additional 1,449 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Verint Systems during the fourth quarter valued at $43,000. Finally, Central Pacific Bank Trust Division grew its position in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after acquiring an additional 1,630 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada decreased their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Evercore ISI cut their target price on Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday, March 27th. Wedbush decreased their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, Needham & Company LLC decreased their price objective on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $30.33.

Verint Systems Stock Down 3.8 %

Verint Systems stock traded down $0.61 during mid-day trading on Thursday, hitting $15.46. The company's stock had a trading volume of 1,164,902 shares, compared to its average volume of 773,068. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17. The company has a market cap of $960.65 million, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. 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 firm's 50 day moving average is $21.72 and its 200 day moving average is $23.95.

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