LSV Asset Management Makes New $708,000 Investment in Verint Systems Inc. (NASDAQ:VRNT)

LSV Asset Management acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,800 shares of the technology company's stock, valued at approximately $708,000.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after buying an additional 613 shares during the last quarter. Swiss National Bank lifted its position in Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company's stock worth $3,346,000 after acquiring an additional 1,400 shares during the period. KBC Group NV grew its stake in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after purchasing an additional 1,449 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 1,562 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in shares of Verint Systems during the fourth quarter worth approximately $43,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Price Performance

Shares of Verint Systems stock traded up $0.03 on Friday, hitting $15.99. The company's stock had a trading volume of 814,927 shares, compared to its average volume of 783,390. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $20.53 and a 200-day moving average price of $23.58. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17. The company has a market capitalization of $993.59 million, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly 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). The company had revenue of $253.50 million for the quarter, compared to analysts' expectations of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. On average, equities research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the transaction, the director now directly owns 28,473 shares of the company's stock, valued at approximately $457,561.11. This trade represents a 8.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Peter Fante sold 9,439 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the sale, the insider now directly owns 20,450 shares of the company's stock, valued at approximately $337,425. This trade represents a 31.58 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on VRNT. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush dropped their price target on shares of 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 shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Needham & Company LLC lowered their price objective on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, Royal Bank of Canada cut their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Verint Systems presently has an average rating of "Moderate Buy" and a consensus target price of $30.33.

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.