Pitcairn Co. Makes New $533,000 Investment in Verint Systems Inc. (NASDAQ:VRNT)

Pitcairn Co. bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, Holdings Channel reports. The fund bought 19,421 shares of the technology company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP boosted its position in shares of Verint Systems by 164.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 233,788 shares of the technology company’s stock worth $6,417,000 after purchasing an additional 145,433 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Verint Systems by 48.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company’s stock valued at $34,683,000 after acquiring an additional 412,655 shares in the last quarter. Trexquant Investment LP acquired a new position in Verint Systems during the 4th quarter valued at about $1,931,000. Headlands Technologies LLC bought a new stake in Verint Systems during the 4th quarter worth approximately $52,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Verint Systems by 491.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company’s stock worth $20,985,000 after purchasing an additional 635,334 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Verint Systems Stock Down 4.9 %

Verint Systems stock opened at $15.20 on Friday. The firm has a 50 day moving average price of $22.94 and a 200-day moving average price of $24.36. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a twelve month low of $14.16 and a twelve month high of $38.17. The company has a market capitalization 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.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. Verint Systems’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company posted $1.07 earnings per share. As a group, equities analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

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.