ExodusPoint Capital Management LP Has $6.42 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

ExodusPoint Capital Management LP boosted its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 164.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,788 shares of the technology company’s stock after buying an additional 145,433 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Verint Systems were worth $6,417,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after acquiring an additional 613 shares during the last quarter. Swiss National Bank lifted its position in Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock valued at $3,346,000 after purchasing an additional 1,400 shares during the period. KBC Group NV boosted its stake in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems during the 4th quarter worth approximately $43,000. Finally, Central Pacific Bank Trust Division raised its stake in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after buying an additional 1,630 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Verint Systems Trading Down 4.9 %

NASDAQ VRNT opened at $15.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The stock’s 50-day moving average is $22.94 and its 200-day moving average is $24.36. Verint Systems Inc. has a one year low of $14.16 and a one year high of $38.17. 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.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results 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). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. During the same quarter last year, the company earned $1.07 EPS. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

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.