Banque Cantonale Vaudoise Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Key Points

• Banque Cantonale Vaudoise acquired 52,880 shares of Verint Systems Inc., valued at approximately $944,000, marking a new position for the institutional investor in the first quarter.
• Verint Systems reported a quarterly earnings miss with EPS of $0.29, falling short of the consensus estimate of $0.41, and a revenue decline of 6.0% year-over-year.
• Analysts maintain a "Moderate Buy" rating on Verint Systems with a consensus target price of $31.71, as the stock faces fluctuating market performance.

Banque Cantonale Vaudoise acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,880 shares of the technology company's stock, valued at approximately $944,000. Banque Cantonale Vaudoise owned 0.09% of Verint Systems as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRNT. American Century Companies Inc. lifted its position in Verint Systems by 9.4% during the fourth quarter. American Century Companies Inc. now owns 109,736 shares of the technology company's stock valued at $3,012,000 after purchasing an additional 9,411 shares during the period. KLP Kapitalforvaltning AS bought a new position in Verint Systems during the fourth quarter valued at approximately $321,000. LPL Financial LLC bought a new position in Verint Systems during the fourth quarter valued at approximately $243,000. Pictet Asset Management Holding SA bought a new position in Verint Systems during the fourth quarter valued at approximately $203,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Verint Systems by 491.9% during the fourth 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 period. Institutional investors own 94.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on VRNT shares. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research report on Thursday, June 5th. Wedbush reiterated an "outperform" rating and issued a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities started coverage on shares of Verint Systems in a research report on Friday, July 18th. They issued a "buy" rating and a $40.00 price target on the stock. Finally, Cowen reiterated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Verint Systems presently has an average rating of "Moderate Buy" and an average price target of $31.71.

Verint Systems Trading Down 5.0%

VRNT traded down $1.06 during trading on Friday, hitting $20.22. 1,147,483 shares of the company traded hands, compared to its average volume of 1,109,159. The company has a market cap of $1.22 billion, a PE ratio of 24.66, a P/E/G ratio of 0.81 and a beta of 1.46. The stock's 50-day simple moving average is $19.47 and its two-hundred day simple moving average is $20.31. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $173.62 million for the quarter, compared to analysts' expectations of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The business's revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Equities analysts expect 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.