SG Americas Securities LLC lifted its position in Verint Systems Inc. (NASDAQ:VRNT) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 18,567 shares of the technology company’s stock after acquiring an additional 1,918 shares during the period. SG Americas Securities LLC’s holdings in Verint Systems were worth $777,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of VRNT. Macquarie Group Ltd. acquired a new position in Verint Systems during the third quarter worth $151,000. FNY Managed Accounts LLC acquired a new position in Verint Systems during the third quarter worth $164,000. Magnetar Financial LLC acquired a new position in Verint Systems during the third quarter worth $202,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Verint Systems by 97.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,255 shares of the technology company’s stock worth $220,000 after buying an additional 2,600 shares during the last quarter. Finally, Catawba Capital Management VA acquired a new position in Verint Systems during the fourth quarter worth $243,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Verint Systems Inc. (NASDAQ VRNT) opened at $39.55 on Monday. Verint Systems Inc. has a 1 year low of $36.90 and a 1 year high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2,522.54, a price-to-earnings ratio of -158.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.
Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.32. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The company had revenue of $280.70 million for the quarter, compared to the consensus estimate of $282.01 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts expect that Verint Systems Inc. will post 1.82 EPS for the current fiscal year.
A number of equities analysts have weighed in on VRNT shares. Zacks Investment Research lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Oppenheimer reissued a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a research note on Thursday, December 7th. Finally, BidaskClub lowered Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Verint Systems presently has an average rating of “Hold” and an average target price of $47.50.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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