Marshall Wace LLP Invests $22.53 Million in Verint Systems Inc. (NASDAQ:VRNT)

Marshall Wace LLP purchased a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 820,706 shares of the technology company's stock, valued at approximately $22,528,000. Marshall Wace LLP owned approximately 1.32% of Verint Systems as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of VRNT. State Street Corp raised its position in Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after purchasing an additional 23,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Verint Systems in the fourth quarter valued at about $5,276,000. Geode Capital Management LLC lifted its stake in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock worth $38,004,000 after acquiring an additional 4,034 shares during the period. KLP Kapitalforvaltning AS bought a new position in Verint Systems during the 4th quarter worth about $321,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Verint Systems by 32.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock valued at $21,298,000 after purchasing an additional 189,860 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Stock Performance

Verint Systems stock traded up $0.39 during trading hours on Friday, hitting $18.35. 251,223 shares of the stock traded hands, compared to its average volume of 784,592. The firm's 50 day moving average price is $19.78 and its 200-day moving average price is $23.39. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VRNT shares. Evercore ISI lowered 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 research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research report on Friday. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush decreased their price objective on Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, Royal Bank of Canada cut their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $30.33.

Insider Activity at Verint Systems

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

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.