Invenomic Capital Management LP Invests $14.65 Million in Verint Systems Inc. (NASDAQ:VRNT)

Invenomic Capital Management LP purchased a new position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 533,825 shares of the technology company's stock, valued at approximately $14,653,000. Invenomic Capital Management LP owned 0.86% of Verint Systems at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VRNT. Marshall Wace LLP acquired a new stake in shares of Verint Systems in the 4th quarter valued at about $22,528,000. Arrowstreet Capital Limited Partnership increased its holdings in Verint Systems by 491.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after buying an additional 635,334 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in 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 buying an additional 486,000 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Verint Systems by 48.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock valued at $34,683,000 after buying an additional 412,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Verint Systems by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock worth $68,054,000 after buying an additional 338,454 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Price Performance

NASDAQ:VRNT traded down $0.15 during mid-day trading on Wednesday, reaching $18.54. 567,819 shares of the stock were exchanged, compared to its average volume of 798,715. 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 business has a fifty day moving average price of $18.23 and a 200 day moving average price of $22.92. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $38.17. The firm has a market capitalization of $1.15 billion, a PE ratio of 19.72, a PEG ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $276.82 million. During the same quarter last year, the business posted $1.07 EPS. The business's revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VRNT has been the subject of several analyst reports. Evercore ISI reduced their price objective on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research note on Friday, April 25th. Wedbush cut their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Royal Bank of Canada decreased their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Finally, StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Insider Buying and Selling at Verint Systems

In related news, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the transaction, the director now owns 28,473 shares of the company's stock, valued at approximately $457,561.11. This trade represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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.