19,738 Shares in Verint Systems Inc. (NASDAQ:VRNT) Bought by Cerity Partners LLC

Key Points

• Cerity Partners LLC acquired 19,738 shares in Verint Systems Inc., valued at approximately $352,000, indicating institutional interest in the company.
• Verint Systems reported a quarterly earnings miss, with earnings per share of $0.29 compared to analyst expectations of $0.41, alongside a 6% year-over-year revenue decline.
• Analysts maintain a consensus rating of "Moderate Buy" for Verint Systems, with a target price averaging around $31.71, reflecting positive sentiment despite recent performance challenges.

Cerity Partners LLC purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,738 shares of the technology company's stock, valued at approximately $352,000.

A number of other large investors have also recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in shares of Verint Systems in the fourth quarter valued at $22,528,000. Arrowstreet Capital Limited Partnership raised its stake in Verint Systems by 491.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after purchasing an additional 635,334 shares during the last quarter. Invenomic Capital Management LP purchased a new position in Verint Systems in the 4th quarter valued at about $14,653,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Verint Systems by 48.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock worth $34,683,000 after purchasing an additional 412,655 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Verint Systems by 15.8% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on VRNT shares. Rosenblatt Securities assumed coverage on shares of Verint Systems in a research note on Friday, July 18th. They set a "buy" rating and a $40.00 price objective on the stock. Cowen reissued a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Wedbush reaffirmed an "outperform" rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Verint Systems has an average rating of "Moderate Buy" and an average price target of $31.71.

Verint Systems Trading Down 1.1%

Shares of Verint Systems stock traded down $0.25 during trading hours on Wednesday, reaching $21.55. The stock had a trading volume of 782,338 shares, compared to its average volume of 1,780,649. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 0.87 and a beta of 1.43. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $37.31. The firm has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $20.40.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The business had revenue of $173.62 million for the quarter, compared to analysts' expectations of $194.61 million. Verint Systems's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Sell-side analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current 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.