Algert Global LLC Makes New $202,000 Investment in Verint Systems Inc. (NASDAQ:VRNT)

Algert Global LLC acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,282 shares of the technology company’s stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in VRNT. Brevan Howard Capital Management LP bought a new position in shares of Verint Systems in the fourth quarter valued at $1,305,000. Virtu Financial LLC bought a new position in shares of Verint Systems in the fourth quarter valued at $243,000. Wellington Management Group LLP bought a new position in shares of Verint Systems in the fourth quarter valued at $34,172,000. Vanguard Group Inc. lifted its stake in shares of Verint Systems by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after buying an additional 73,592 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after buying an additional 917 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRNT has been the topic of a number of recent analyst reports. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group dropped their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. TD Cowen dropped their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now owns 131,267 shares in the company, valued at $3,393,251.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fante sold 6,330 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $163,630.50. Following the transaction, the insider now directly owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock worth $874,014 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Verint Systems Stock Performance

Shares of VRNT stock opened at $23.07 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 48.06, a P/E/G ratio of 1.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $38.17. The firm’s 50-day simple moving average is $28.54 and its two-hundred day simple moving average is $30.95.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. Verint Systems’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. As a group, equities analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current year.

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.