Mackenzie Financial Corp Increases Position in Verint Systems Inc. (NASDAQ:VRNT)

Mackenzie Financial Corp raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 142.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,757 shares of the technology company's stock after buying an additional 57,465 shares during the period. Mackenzie Financial Corp owned about 0.16% of Verint Systems worth $2,683,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VRNT. SG Americas Securities LLC raised its stake in Verint Systems by 58.1% during the 4th quarter. SG Americas Securities LLC now owns 28,675 shares of the technology company's stock valued at $787,000 after buying an additional 10,540 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Verint Systems during the 4th quarter valued at $1,484,000. KBC Group NV grew its position in shares of Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after acquiring an additional 1,449 shares during the period. E. Ohman J or Asset Management AB grew its position in shares of Verint Systems by 14.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 50,800 shares of the technology company's stock valued at $1,394,000 after acquiring an additional 6,600 shares during the period. Finally, Choreo LLC grew its position in shares of Verint Systems by 29.5% during the 4th quarter. Choreo LLC now owns 18,500 shares of the technology company's stock valued at $508,000 after acquiring an additional 4,209 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRNT. Evercore ISI cut their price objective on shares of 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. Wedbush cut their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Royal Bank of Canada cut their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and set a $30.00 price objective on shares of Verint Systems in a research report on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.33.

Insider Buying and Selling at Verint Systems

In other news, Director Stephen J. Gold sold 2,744 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This represents a 8.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Fante sold 9,439 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at $337,425. This represents a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Verint Systems Price Performance

Verint Systems stock traded down $0.27 during mid-day trading on Friday, hitting $17.61. The stock had a trading volume of 1,026,623 shares, compared to its average volume of 809,574. The firm has a market capitalization of $1.06 billion, a P/E ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.45. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm's 50 day moving average is $17.19 and its 200 day moving average is $22.46. Verint Systems Inc. has a one year low of $14.15 and a one year high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. During the same period in the prior year, the company posted $1.07 EPS. The company's quarterly revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Verint Systems 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.