Wedge Capital Management L L P NC Has $2.27 Million Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Wedge Capital Management L L P NC boosted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,433 shares of the technology company’s stock after purchasing an additional 16,031 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Verint Systems worth $2,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Verint Systems in the fourth quarter worth $34,172,000. Mesirow Institutional Investment Management Inc. acquired a new stake in Verint Systems in the 1st quarter worth $14,675,000. Victory Capital Management Inc. grew its position in Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after purchasing an additional 232,499 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after purchasing an additional 211,570 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Verint Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after buying an additional 185,105 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wedbush restated an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Insider Activity at Verint Systems

In other Verint Systems news, insider Peter Fante sold 6,330 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $163,630.50. Following the transaction, the insider now owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Elan Moriah sold 7,160 shares of the firm’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 value of $185,086.00. Following the completion of the sale, the president now owns 139,251 shares of the company’s stock, valued at $3,599,638.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the completion of the transaction, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. This trade 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 valued at $874,014 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Verint Systems Stock Down 0.1 %

Shares of NASDAQ VRNT opened at $23.42 on Wednesday. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The business has a fifty day moving average of $27.98 and a two-hundred day moving average of $30.75. The stock has a market cap of $1.45 billion, a PE ratio of 48.79, a PEG ratio of 0.98 and a beta of 1.24.

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

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.