Wellington Management Group LLP Trims Position in Verint Systems Inc. (NASDAQ:VRNT)

Wellington Management Group LLP trimmed its position in Verint Systems Inc. (NASDAQ:VRNT) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,777,885 shares of the technology company’s stock after selling 1,103,431 shares during the quarter. Wellington Management Group LLP owned approximately 2.85% of Verint Systems worth $48,803,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VRNT. Plato Investment Management Ltd purchased a new stake in Verint Systems in the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Verint Systems in the fourth quarter worth $52,000. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after buying an additional 613 shares in the last quarter. Quantbot Technologies LP bought a new stake in Verint Systems during the third quarter valued at $58,000. Finally, KBC Group NV grew its position in Verint Systems by 75.0% during the fourth 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 in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

VRNT stock opened at $15.20 on Friday. 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 $944.50 million, a P/E ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.29. The firm’s fifty day moving average is $22.94 and its 200 day moving average is $24.36. Verint Systems Inc. has a 52 week low of $14.16 and a 52 week high of $38.17.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. Research analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wedbush dropped their price target on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Royal Bank of Canada dropped their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Needham & Company LLC decreased their price target on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Evercore ISI dropped 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 report on Thursday, March 27th. Finally, StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems currently has a consensus rating of “Moderate Buy” and an average target price of $30.33.

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.