Farringdon Capital Ltd. Purchases Shares of 11,086 Verint Systems Inc. (NASDAQ:VRNT)

Farringdon Capital Ltd. acquired a new position in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,086 shares of the technology company’s stock, valued at approximately $304,000.

Several other institutional investors also recently modified their holdings of VRNT. Global Alpha Capital Management Ltd. boosted its stake in Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after buying an additional 486,000 shares in the last quarter. Senvest Management LLC lifted its holdings in shares of Verint Systems by 9.1% during the 4th quarter. Senvest Management LLC now owns 1,577,332 shares of the technology company’s stock worth $43,298,000 after acquiring an additional 132,102 shares during the period. State Street Corp boosted its position in shares of Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after acquiring an additional 23,400 shares in the last quarter. Geode Capital Management LLC increased its stake in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after acquiring an additional 4,034 shares during the period. Finally, William Blair Investment Management LLC raised its position in Verint Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company’s stock worth $38,613,000 after purchasing an additional 32,682 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

VRNT has been the topic of a number of recent research reports. Needham & Company LLC decreased their price objective on 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 lowered their price target on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research report on Thursday, March 27th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Wedbush lowered their target price on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Finally, Royal Bank of Canada cut their price target on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT opened at $15.99 on Friday. The business has a fifty day moving average of $20.53 and a 200-day moving average of $23.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The firm has a market cap of $993.59 million, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

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

Insiders Place Their Bets

In other news, insider Peter Fante sold 9,439 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the transaction, the insider now owns 20,450 shares of the company’s stock, valued at approximately $337,425. This trade represents a 31.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now owns 28,473 shares of the company’s stock, valued at approximately $457,561.11. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

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.