Quantbot Technologies LP Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Quantbot Technologies LP acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,274 shares of the technology company’s stock, valued at approximately $58,000.

Several other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. grew 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 valued at $133,412,000 after purchasing an additional 232,499 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Verint Systems by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after purchasing an additional 73,441 shares during the period. Fisher Asset Management LLC boosted its position in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after buying an additional 317,804 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after buying an additional 227,000 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after buying an additional 211,570 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Verint Systems

In related news, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the transaction, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now owns 91,334 shares in the company, valued at approximately $2,360,983.90. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VRNT has been the topic of several recent research reports. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Thursday. Jefferies Financial Group lifted their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday. Finally, Evercore ISI reduced their price target on 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $30.63 on Friday. The firm has a market cap of $1.90 billion, a PE ratio of 32.59, a P/E/G ratio of 1.10 and a beta of 1.28. The business has a 50-day moving average price of $23.86 and a 200 day moving average price of $28.86. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a return on equity of 16.04% and a net margin of 8.49%. The business had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

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.