Raymond James Financial Inc. Makes New $5.28 Million Investment in Verint Systems Inc. (NASDAQ:VRNT)

Raymond James Financial Inc. bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 192,213 shares of the technology company’s stock, valued at approximately $5,276,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in shares of Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Verint Systems during the 4th quarter worth $52,000. Quantbot Technologies LP purchased a new position in shares of Verint Systems in the 3rd quarter valued at about $58,000. KBC Group NV lifted its stake in shares of Verint Systems by 75.0% in the fourth 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 period. Finally, New York State Teachers Retirement System purchased a new stake in Verint Systems during the fourth quarter worth about $154,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on VRNT. Jefferies Financial Group upped their price target on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. 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 Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Down 0.6 %

Shares of NASDAQ VRNT opened at $21.80 on Wednesday. The firm’s 50 day moving average price is $24.06 and its 200 day moving average price is $24.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $1.36 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 1 year low of $20.67 and a 1 year high of $38.17.

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.