Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Verint Systems Inc. (NASDAQ:VRNT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $6.41 million to acquire 358,899 shares of Verint Systems Inc., representing about 0.58% ownership of the company as of the end of the last quarter.
• Recent reports show analyst sentiment for Verint Systems is predominantly positive, with multiple firms issuing "buy" ratings and a consensus price target around $31.71.
• Verint Systems reported earnings of $0.29 per share for the last quarter, missing estimates, and experienced a 6% decline in revenue year-over-year, bringing total revenue to $173.62 million.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 358,899 shares of the technology company's stock, valued at approximately $6,406,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.58% of Verint Systems as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Clark Capital Management Group Inc. lifted its holdings in shares of Verint Systems by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock valued at $3,909,000 after purchasing an additional 515 shares during the last quarter. Philadelphia Trust Co. increased its position in Verint Systems by 0.9% during the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company's stock valued at $2,932,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in Verint Systems by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock valued at $1,280,000 after buying an additional 1,562 shares during the last quarter. Sterling Capital Management LLC raised its stake in Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after buying an additional 1,713 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Verint Systems by 5.2% in the fourth quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock worth $1,030,000 after acquiring an additional 1,853 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VRNT shares. Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of Verint Systems in a report on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Verint Systems in a report on Wednesday, June 4th. Cowen reissued a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Finally, Rosenblatt Securities initiated coverage on Verint Systems in a research report on Friday, July 18th. They issued a "buy" rating and a $40.00 target price on the stock. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Verint Systems has a consensus rating of "Moderate Buy" and a consensus target price of $31.71.

Verint Systems Trading Down 1.3%

Shares of VRNT stock traded down $0.29 during trading hours on Monday, hitting $21.57. The company's stock had a trading volume of 1,008,319 shares, compared to its average volume of 1,099,690. The stock has a market cap of $1.30 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $37.31. The company has a 50 day moving average of $19.06 and a 200 day moving average of $20.41.

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 the consensus estimate of $0.41 by ($0.12). The business had revenue of $173.62 million during 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%. Verint Systems's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, analysts anticipate 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.