KLP Kapitalforvaltning AS Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

KLP Kapitalforvaltning AS acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,700 shares of the technology company’s stock, valued at approximately $321,000.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Needham & Company LLC decreased their price objective on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada dropped their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, March 27th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Wedbush cut their price target on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

Verint Systems Price Performance

Shares of VRNT opened at $15.20 on Friday. The firm has a fifty day moving average price of $22.94 and a 200 day moving average price of $24.36. The stock has a market cap of $944.50 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 1-year low of $14.16 and a 1-year high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

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

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.