Caxton Associates LLP Purchases Shares of 26,847 Verint Systems Inc. $VRNT

Key Points

• Caxton Associates LLP acquired a new stake in Verint Systems Inc. by purchasing 26,847 shares valued at approximately $479,000 during the first quarter.
• Despite reporting a quarterly EPS of $0.33 that exceeded estimates, Verint's revenue of $165.52 million fell short of the $200.43 million analysts had anticipated, marking a 1.0% year-over-year decline.
• The majority of Verint Systems' stock, 94.95%, is owned by institutional investors, indicating strong confidence in the company's performance.

Caxton Associates LLP purchased a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,847 shares of the technology company's stock, valued at approximately $479,000.

Several other institutional investors have also recently added to or reduced their stakes in VRNT. BI Asset Management Fondsmaeglerselskab A S bought a new position in Verint Systems during the 1st quarter valued at about $40,000. Parallel Advisors LLC lifted its holdings in Verint Systems by 14,079.2% during the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock valued at $61,000 after purchasing an additional 3,379 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Verint Systems in the 1st quarter valued at about $94,000. GAMMA Investing LLC increased its position in Verint Systems by 916.9% in the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock valued at $104,000 after acquiring an additional 5,263 shares in the last quarter. Finally, State of Wyoming increased its position in Verint Systems by 7.4% in the 1st quarter. State of Wyoming now owns 9,384 shares of the technology company's stock valued at $168,000 after acquiring an additional 646 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wedbush cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Royal Bank Of Canada restated a "sector perform" rating and issued a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a research report on Tuesday, August 26th. Cowen restated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities cut shares of Verint Systems from a "buy" rating to a "hold" rating and lowered their price objective for the company from $40.00 to $20.50 in a research report on Monday, August 25th. Finally, Needham & Company LLC cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.33.

Verint Systems Stock Down 0.1%

NASDAQ VRNT traded down $0.02 during trading on Monday, reaching $20.31. 3,487,960 shares of the stock traded hands, compared to its average volume of 1,321,594. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47. The stock's 50-day moving average price is $20.66 and its 200 day moving average price is $19.22. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $165.52 million during the quarter, compared to analysts' expectations of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. Analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current fiscal 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.