Universal Beteiligungs und Servicegesellschaft mbH Makes New $6.41 Million Investment 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 acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 358,899 shares of the technology company's stock, valued at approximately $6,406,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.58% of Verint Systems at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of Verint Systems during the fourth quarter worth approximately $52,000. Sterling Capital Management LLC increased its position in Verint Systems by 808.0% in the 4th 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 in the last quarter. Canada Pension Plan Investment Board bought a new stake in Verint Systems during the 4th quarter worth approximately $58,000. Johnson Financial Group Inc. purchased a new position in Verint Systems in the fourth quarter worth $62,000. Finally, Parallel Advisors LLC boosted its stake 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 valued at $61,000 after buying an additional 3,379 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

VRNT traded down $0.25 during midday trading on Wednesday, reaching $21.55. 782,338 shares of the company's stock were exchanged, compared to its average volume of 1,780,649. The stock has a market capitalization of $1.30 billion, a PE ratio of 26.28, a P/E/G ratio of 0.87 and a beta of 1.43. The business's 50-day moving average price is $19.32 and its 200 day moving average price is $20.40. 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 issued 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). Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The company had revenue of $173.62 million for the quarter, compared to analyst estimates of $194.61 million. During the same period last year, the company posted $0.59 EPS. The business's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on VRNT. Wedbush reiterated an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Cowen reissued a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research report on Thursday, June 5th. Finally, Rosenblatt Securities assumed coverage on shares of Verint Systems in a research note on Friday, July 18th. They issued a "buy" rating and a $40.00 price target on the stock. Three 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

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.