Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH lifted its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 3.7% during the third quarter, Holdings Channel.com reports. The firm owned 20,012 shares of the technology company’s stock after acquiring an additional 712 shares during the period. Lingohr Asset Management GmbH’s holdings in Verint Systems were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP lifted its position in Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the period. Innealta Capital LLC acquired a new stake in shares of Verint Systems in the second quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Verint Systems during the second quarter valued at about $43,000. SG Americas Securities LLC bought a new position in Verint Systems during the first quarter valued at about $128,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Verint Systems in the second quarter worth about $138,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRNT. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Wednesday, September 25th. Jefferies Financial Group cut their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Verint Systems Trading Down 0.9 %

NASDAQ:VRNT opened at $23.26 on Tuesday. The stock has a market cap of $1.44 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The stock’s 50-day moving average is $23.92 and its two-hundred day moving average is $29.47.

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

Insider Transactions at Verint Systems

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the 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 transaction, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock worth $874,014 in the last 90 days. 1.70% of the stock is owned by insiders.

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.