Foundry Partners LLC Invests $5.44 Million in Verint Systems Inc. (NASDAQ:VRNT)

Foundry Partners LLC purchased a new stake in 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. The institutional investor purchased 304,540 shares of the technology company's stock, valued at approximately $5,436,000. Foundry Partners LLC owned 0.49% of Verint Systems at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Verint Systems by 54.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company's stock worth $3,093,000 after buying an additional 61,284 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Verint Systems by 7.3% in the first quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company's stock worth $1,567,000 after buying an additional 6,007 shares during the period. Teacher Retirement System of Texas grew its holdings in Verint Systems by 14.8% during the 1st quarter. Teacher Retirement System of Texas now owns 46,735 shares of the technology company's stock valued at $834,000 after buying an additional 6,025 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Verint Systems in the 4th quarter valued at approximately $5,276,000. Finally, Parallel Advisors LLC lifted its stake in shares of Verint Systems by 14,079.2% during the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after acquiring an additional 3,379 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VRNT shares. Rosenblatt Securities initiated coverage on Verint Systems in a research report on Friday. They set a "buy" rating and a $40.00 target price for the company. Evercore ISI reduced their price target 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 restated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research note on Thursday, June 5th. Wall Street Zen cut Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Royal Bank Of Canada dropped their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.71.

Verint Systems Trading Up 3.8%

Shares of VRNT traded up $0.79 during trading hours on Monday, hitting $21.60. The company had a trading volume of 1,056,177 shares, compared to its average volume of 977,650. The company has a market capitalization of $1.30 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. The company's fifty day moving average price is $18.70 and its two-hundred day moving average price is $20.54. Verint Systems Inc. has a one year low of $14.15 and a one year high of $37.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly 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 return on equity of 12.35% and a net margin of 7.66%. Verint Systems's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. Analysts forecast that Verint Systems Inc. will post 1.92 earnings per share 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.