Vanguard Group Inc. Acquires 73,592 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Vanguard Group Inc. lifted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,182,580 shares of the technology company’s stock after acquiring an additional 73,592 shares during the period. Vanguard Group Inc. owned 11.40% of Verint Systems worth $194,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock worth $57,000 after purchasing an additional 801 shares during the period. Quest Partners LLC bought a new position in Verint Systems in the 4th quarter worth approximately $68,000. Empirical Asset Management LLC acquired a new position in shares of Verint Systems during the fourth quarter worth approximately $210,000. Headlands Technologies LLC boosted its position in shares of Verint Systems by 52.1% in the fourth quarter. Headlands Technologies LLC now owns 7,765 shares of the technology company’s stock valued at $210,000 after acquiring an additional 2,660 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Verint Systems in the fourth quarter valued at approximately $243,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard N. Nottenburg sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $31.17, for a total value of $164,390.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Elan Moriah sold 9,880 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $297,289.20. Following the transaction, the president now owns 91,877 shares of the company’s stock, valued at approximately $2,764,578.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 5,274 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $31.17, for a total value of $164,390.58. The disclosure for this sale can be found here. Insiders have sold a total of 484,361 shares of company stock worth $15,995,579 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

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

Verint Systems Price Performance

NASDAQ:VRNT opened at $31.90 on Wednesday. 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 firm has a market cap of $1.97 billion, a PE ratio of 66.46, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28. The company’s 50-day moving average price is $32.38 and its two-hundred day moving average price is $30.69.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. The business had revenue of $221.28 million during the quarter, compared to analyst estimates of $214.71 million. On average, equities analysts anticipate that Verint Systems Inc. will post 1.99 EPS for the current fiscal year.

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.