Teacher Retirement System of Texas Grows Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Teacher Retirement System of Texas raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,710 shares of the technology company’s stock after acquiring an additional 9,541 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Verint Systems worth $1,117,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. increased its stake in Verint Systems by 39.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after buying an additional 486,000 shares during the period. Boston Partners boosted its holdings in shares of Verint Systems by 52.2% in the fourth quarter. Boston Partners now owns 858,171 shares of the technology company’s stock valued at $23,257,000 after acquiring an additional 294,381 shares in the last quarter. Dana Investment Advisors Inc. acquired a new position in shares of Verint Systems during the fourth quarter worth about $6,907,000. Disciplined Growth Investors Inc. MN purchased a new position in Verint Systems during the third quarter worth about $5,083,000. Finally, Raymond James Financial Inc. acquired a new stake in Verint Systems in the fourth quarter valued at about $5,276,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Price Performance

Verint Systems stock opened at $17.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $23.75 and its 200 day simple moving average is $24.68. Verint Systems Inc. has a 52 week low of $17.64 and a 52 week high of $38.17. The firm has a market capitalization of $1.11 billion, a PE ratio of 18.99, a P/E/G ratio of 0.97 and a beta of 1.29.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same quarter in the prior year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VRNT. Evercore ISI cut their target price on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday. Wedbush reduced their target price on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reduced their price objective on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group upped their target price 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.33.

Verint Systems Company 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.