Mackenzie Financial Corp Has $2.68 Million Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Key Points

• Mackenzie Financial Corp increased its stake in Verint Systems Inc. by 53.6%, acquiring an additional 52,433 shares, bringing its total holdings to 150,190 shares valued at approximately $2.68 million.
• Several hedge funds, including Marshall Wace LLP and Invenomic Capital Management LP, also made significant investments in Verint Systems, contributing to institutional investors owning 94.95% of the company.
• Despite a consensus "Moderate Buy" rating from analysts, Verint Systems reported $0.29 EPS but missed the consensus estimate, with revenues declining 6.0% year-over-year to $173.62 million.

Mackenzie Financial Corp raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 53.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 150,190 shares of the technology company's stock after acquiring an additional 52,433 shares during the period. Mackenzie Financial Corp owned approximately 0.24% of Verint Systems worth $2,681,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Verint Systems by 9.4% in the fourth quarter. American Century Companies Inc. now owns 109,736 shares of the technology company's stock valued at $3,012,000 after acquiring an additional 9,411 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Verint Systems in the fourth quarter valued at approximately $321,000. LPL Financial LLC acquired a new position in Verint Systems in the fourth quarter valued at approximately $243,000. Pictet Asset Management Holding SA acquired a new position in Verint Systems in the fourth quarter valued at approximately $203,000. Finally, Headlands Technologies LLC acquired a new position in shares of Verint Systems during the 4th quarter worth approximately $52,000. Institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Shares of VRNT traded up $0.75 during midday trading on Wednesday, reaching $21.71. The stock had a trading volume of 477,608 shares, compared to its average volume of 1,089,909. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $34.80. The firm's 50 day moving average price is $19.63 and its 200-day moving average price is $20.26. The company has a market capitalization of $1.31 billion, a P/E ratio of 26.49, a P/E/G ratio of 0.85 and a beta of 1.46.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data 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). 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 analyst estimates of $194.61 million. During the same period in the prior year, the firm posted $0.59 EPS. Verint Systems's revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wedbush restated an "outperform" rating and issued a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Rosenblatt Securities initiated coverage on Verint Systems in a research report on Friday, July 18th. They set a "buy" rating and a $40.00 target price on the stock. Cowen reaffirmed a "buy" rating 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 equities 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 stock. Based on data from MarketBeat, Verint Systems has an average rating of "Moderate Buy" and a consensus price target of $31.71.

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.