Integrated Quantitative Investments LLC Purchases New Position in Verint Systems Inc. (NASDAQ:VRNT)

Integrated Quantitative Investments LLC acquired a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,270 shares of the technology company’s stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRNT. Plato Investment Management Ltd purchased a new position in shares of Verint Systems in the fourth quarter valued at $43,000. Headlands Technologies LLC bought a new position in shares of Verint Systems during the 4th quarter valued at about $52,000. Parkside Financial Bank & Trust bought a new position in Verint Systems during the fourth quarter valued at approximately $52,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $54,000 after purchasing an additional 613 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Verint Systems in the third quarter worth about $58,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems Trading Down 4.9 %

VRNT stock opened at $15.20 on Friday. The firm’s 50-day moving average is $22.94 and its 200 day moving average is $24.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a 12 month low of $14.16 and a 12 month high of $38.17. The company has a market capitalization of $944.50 million, a PE ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.29.

Verint Systems (NASDAQ:VRNT) last posted 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). The company had revenue of $253.50 million for the quarter, compared to analysts’ expectations of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. On average, research analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRNT. Needham & Company LLC lowered their price target on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Evercore ISI decreased their price target 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. Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada reduced their target price on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Wedbush lowered their price target on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.33.

About Verint Systems

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.