Swiss National Bank Acquires 1,400 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Swiss National Bank boosted its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,900 shares of the technology company’s stock after acquiring an additional 1,400 shares during the quarter. Swiss National Bank owned 0.20% of Verint Systems worth $3,346,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VRNT. Global Alpha Capital Management Ltd. lifted its holdings in shares of Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after acquiring an additional 486,000 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 in the last quarter. Dana Investment Advisors Inc. bought a new stake in Verint Systems during the fourth quarter worth about $6,907,000. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Verint Systems during the third quarter worth approximately $5,083,000. Finally, Raymond James Financial Inc. bought a new position in shares of Verint Systems in the fourth quarter valued at approximately $5,276,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VRNT shares. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group upped their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Stock Performance

Verint Systems stock opened at $21.62 on Thursday. Verint Systems Inc. has a 1 year low of $20.67 and a 1 year high of $38.17. The company’s 50-day moving average is $23.99 and its two-hundred day moving average is $24.79. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.35 billion, a PE ratio of 23.00, a PEG ratio of 0.97 and a beta of 1.29.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). The business had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company’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 earnings per share. Equities analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current 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.