Verint Systems Inc. (NASDAQ:VRNT) Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. grew its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 135.9% in the fourth quarter, HoldingsChannel reports. The fund owned 19,188 shares of the technology company’s stock after buying an additional 11,053 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Verint Systems were worth $527,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the last quarter. Swiss National Bank increased its holdings in shares of Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock worth $3,346,000 after buying an additional 1,400 shares during the last quarter. KBC Group NV raised its position in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after buying an additional 1,449 shares during the period. Plato Investment Management Ltd acquired a new position in Verint Systems in the fourth quarter valued at $43,000. Finally, Central Pacific Bank Trust Division increased its stake in Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,630 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRNT. Wedbush reduced their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday. Evercore ISI decreased their price objective on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research note on Thursday. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC lowered their price target on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank of Canada reduced their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and an average price target of $30.33.

Verint Systems Trading Down 4.7 %

Shares of VRNT opened at $17.85 on Friday. Verint Systems Inc. has a one year low of $17.64 and a one year high of $38.17. The stock has a 50-day moving average price of $23.75 and a 200 day moving average price of $24.68. 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 company has a market capitalization of $1.11 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.97 and a beta of 1.29.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. Sell-side analysts forecast that Verint Systems Inc. will post 1.92 EPS 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.