Acadian Asset Management LLC Acquires 41,859 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Acadian Asset Management LLC lifted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 4,185,900.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 41,860 shares of the technology company’s stock after acquiring an additional 41,859 shares during the period. Acadian Asset Management LLC owned approximately 0.07% of Verint Systems worth $1,345,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wakefield Asset Management LLLP acquired a new stake in Verint Systems in the 2nd quarter valued at about $917,000. Victory Capital Management Inc. boosted its stake in Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after acquiring an additional 232,499 shares during the last quarter. Mesirow Institutional Investment Management Inc. boosted its stake in Verint Systems by 20.7% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 534,447 shares of the technology company’s stock worth $17,209,000 after acquiring an additional 91,762 shares during the last quarter. Rhumbline Advisers lifted its stake in Verint Systems by 15.0% in the second quarter. Rhumbline Advisers now owns 106,134 shares of the technology company’s stock valued at $3,418,000 after buying an additional 13,817 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Verint Systems in the second quarter valued at approximately $374,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $26.38 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The business has a 50 day moving average of $31.84 and a 200 day moving average of $31.77. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 54.96, a PEG ratio of 1.06 and a beta of 1.24. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. Verint Systems’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. On average, sell-side analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dan Bodner sold 375,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the transaction, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group lowered their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. Evercore ISI decreased their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Verint Systems currently has an average rating of “Moderate Buy” and an average price target of $34.00.

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.