Graham Capital Management L.P. Grows Stake in Verint Systems Inc. (NASDAQ:VRNT)

Graham Capital Management L.P. boosted its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 192.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,821 shares of the technology company's stock after acquiring an additional 18,307 shares during the quarter. Graham Capital Management L.P.'s holdings in Verint Systems were worth $764,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Verint Systems during the 4th quarter worth $22,528,000. Arrowstreet Capital Limited Partnership raised its stake in Verint Systems by 491.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after buying an additional 635,334 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Verint Systems by 39.5% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after buying an additional 486,000 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Verint Systems by 48.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock worth $34,683,000 after acquiring an additional 412,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Verint Systems by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock valued at $68,054,000 after acquiring an additional 338,454 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Insider Activity at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares in the company, valued at $337,425. This trade represents a 31.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the director now directly owns 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Verint Systems Stock Performance

Shares of VRNT traded up $0.10 during mid-day trading on Friday, hitting $18.19. 491,678 shares of the company's stock were exchanged, compared to its average volume of 800,340. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The business's 50 day moving average is $18.10 and its two-hundred day moving average is $22.87. The firm has a market capitalization of $1.10 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.97 and a beta of 1.45.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada decreased 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 note on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a report on Friday, April 25th. Wedbush dropped their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Evercore ISI cut their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research report on Thursday, March 27th. Finally, StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.33.

About Verint Systems

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.