Vanguard Group Inc. Lowers Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Vanguard Group Inc. lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,763,483 shares of the technology company’s stock after selling 94,628 shares during the period. Vanguard Group Inc. owned approximately 12.47% of Verint Systems worth $213,108,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new position in Verint Systems in the 4th quarter valued at approximately $43,000. Parkside Financial Bank & Trust purchased a new position in Verint Systems in the fourth quarter valued at $52,000. PNC Financial Services Group Inc. boosted its holdings in Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after purchasing an additional 613 shares during the period. Quantbot Technologies LP acquired a new position in Verint Systems during the 3rd quarter worth $58,000. Finally, KBC Group NV increased its holdings in Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Verint Systems Trading Down 4.9 %

Shares of Verint Systems stock opened at $15.20 on Friday. 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 fifty day simple moving average of $22.94 and a 200-day simple moving average of $24.36. The stock has a market cap of $944.50 million, a price-to-earnings ratio of 16.17, a PEG ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 12-month low of $14.16 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (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 company 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 EPS. The business’s revenue was down 4.4% on a year-over-year basis. On average, equities analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

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.