Virtu Financial LLC Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Virtu Financial LLC bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,986 shares of the technology company’s stock, valued at approximately $243,000.

A number of other large investors also recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in shares of Verint Systems in the 4th quarter worth approximately $3,352,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Verint Systems by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock worth $16,663,000 after purchasing an additional 24,952 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Verint Systems by 56.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after acquiring an additional 235,900 shares in the last quarter. Norges Bank bought a new stake in Verint Systems during the 4th quarter valued at $18,601,000. Finally, Nebula Research & Development LLC bought a new stake in Verint Systems during the 4th quarter valued at $859,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Performance

Shares of NASDAQ VRNT opened at $34.19 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 71.23, a PEG ratio of 1.46 and a beta of 1.21. The stock’s fifty day simple moving average is $31.92 and its 200 day simple moving average is $30.36. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $40.28.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. As a group, sell-side analysts forecast that Verint Systems Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Activity

In other news, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the transaction, the president now owns 79,953 shares in the company, valued at $2,608,066.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the transaction, the president now owns 79,953 shares in the company, valued at $2,608,066.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dan Bodner sold 44,335 shares of Verint Systems stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $1,334,040.15. Following the transaction, the chief executive officer now owns 898,234 shares in the company, valued at approximately $27,027,861.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,043 shares of company stock worth $4,065,138. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on VRNT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.20.

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.