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

Wedge Capital Management L L P NC increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 21.8% in the third quarter, according to the company in its most recent Form 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 period. Wedge Capital Management L L P NC’s holdings in Verint Systems were worth $2,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRNT. Stanley Laman Group Ltd. grew its position in shares of Verint Systems by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock worth $4,008,000 after buying an additional 478 shares during the period. Quarry LP boosted its stake in Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the last quarter. FinTrust Capital Advisors LLC boosted its stake in Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after acquiring an additional 754 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Verint Systems during the first quarter valued at approximately $30,000. Finally, PNC Financial Services Group Inc. increased its stake in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRNT. Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Wednesday, September 25th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group lowered their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Verint Systems currently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Insider Activity at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Verint Systems news, CFO Grant A. Highlander sold 3,389 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 $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Elan Moriah sold 7,160 shares of the 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 directly owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,811 shares of company stock valued at $874,014. Corporate insiders own 1.70% of the company’s stock.

Verint Systems Stock Down 0.1 %

VRNT stock opened at $23.42 on Wednesday. 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 has a market capitalization of $1.45 billion, a P/E ratio of 48.79, a P/E/G ratio of 0.98 and a beta of 1.24. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $38.17. The business has a 50-day moving average of $27.98 and a 200-day moving average of $30.75.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share 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 firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period last year, the company earned $0.22 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate 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.