Foundry Partners LLC Purchases New Position in Verint Systems Inc. (NASDAQ:VRNT)

Foundry Partners LLC acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 304,540 shares of the technology company's stock, valued at approximately $5,436,000. Foundry Partners LLC owned approximately 0.49% of Verint Systems as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in Verint Systems in the fourth quarter valued at about $52,000. Sterling Capital Management LLC raised its stake in Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after purchasing an additional 1,713 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock valued at $54,000 after buying an additional 613 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Verint Systems in the 4th quarter valued at $58,000. Finally, Parallel Advisors LLC boosted its holdings in Verint Systems by 14,079.2% during the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after purchasing an additional 3,379 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Wall Street Analyst Weigh In

VRNT has been the topic of a number of recent research reports. Wall Street Zen cut Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Cowen restated a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Rosenblatt Securities initiated coverage on shares of Verint Systems in a research note on Friday, July 18th. They set a "buy" rating and a $40.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $30.00 price target on shares of Verint Systems in a report on Thursday, June 5th. Finally, Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.71.

Verint Systems Stock Performance

Shares of Verint Systems stock traded up $0.23 during trading on Wednesday, reaching $22.50. 185,668 shares of the company's stock were exchanged, compared to its average volume of 976,722. The company has a market cap of $1.35 billion, a P/E ratio of 27.37, a PEG ratio of 0.87 and a beta of 1.43. The firm's 50-day moving average price is $18.83 and its 200 day moving average price is $20.52. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $37.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The firm 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 company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. As a group, equities research analysts predict 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.