Amundi Pioneer Asset Management Inc. lifted its stake in Verint Systems (NASDAQ:VRNT) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 763,383 shares of the technology company’s stock after purchasing an additional 76,759 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 1.20% of Verint Systems worth $31,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new stake in shares of Verint Systems in the third quarter valued at approximately $151,000. FNY Managed Accounts LLC bought a new position in Verint Systems in the third quarter worth $164,000. Magnetar Financial LLC bought a new position in shares of Verint Systems during the third quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Verint Systems by 97.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,255 shares of the technology company’s stock valued at $220,000 after acquiring an additional 2,600 shares during the period. Finally, American Century Companies Inc. bought a new position in shares of Verint Systems during the fourth quarter valued at $227,000. Hedge funds and other institutional investors own 96.36% of the company’s stock.
A number of brokerages recently commented on VRNT. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Royal Bank of Canada lifted their price objective on Verint Systems from $48.00 to $50.00 and gave the company a “positive” rating in a report on Thursday. They noted that the move was a valuation call. Zacks Investment Research cut Verint Systems from a “buy” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, Oppenheimer restated a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.83.
NASDAQ VRNT traded down $3.05 on Monday, reaching $39.55. The stock had a trading volume of 621,415 shares, compared to its average volume of 339,329. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63. Verint Systems has a 1-year low of $37.05 and a 1-year high of $44.55. The firm has a market cap of $2,719.42, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.97 and a beta of 1.01.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 28th. The technology company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Verint Systems had a positive return on equity of 10.78% and a negative net margin of 0.58%. The firm had revenue of $318.73 million during the quarter, compared to the consensus estimate of $313.98 million. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that Verint Systems will post 2.16 earnings per share for the current fiscal year.
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Verint Systems Profile
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance.
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