Vanguard Group Inc. Reduces Position in Verint Systems Inc. (NASDAQ:VRNT)

Vanguard Group Inc. lessened its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,763,483 shares of the technology company's stock after selling 94,628 shares during the quarter. Vanguard Group Inc. owned about 12.47% of Verint Systems worth $213,108,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Verint Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 651,741 shares of the technology company's stock worth $16,509,000 after acquiring an additional 7,409 shares during the period. Quantbot Technologies LP purchased a new stake in Verint Systems in the third quarter valued at $58,000. FMR LLC grew its position in Verint Systems by 312.3% during the 3rd quarter. FMR LLC now owns 10,065 shares of the technology company's stock worth $255,000 after purchasing an additional 7,624 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Verint Systems by 18.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,858 shares of the technology company's stock valued at $376,000 after buying an additional 2,272 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after buying an additional 23,400 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Price Performance

Shares of NASDAQ:VRNT traded down $0.61 during midday trading on Thursday, reaching $15.46. 1,164,902 shares of the company's stock traded hands, compared to its average volume of 773,068. The company has a fifty day simple moving average of $21.72 and a two-hundred day simple moving average of $23.95. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17. The company has a market cap of $960.65 million, a P/E ratio of 16.45, a PEG ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data 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 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 company posted $1.07 earnings per share. The business's revenue was down 4.4% on a year-over-year basis. Equities analysts predict that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on VRNT shares. Royal Bank of Canada dropped their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Wedbush dropped their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. 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. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Needham & Company LLC cut 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

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.