533,825 Shares in Verint Systems Inc. (NASDAQ:VRNT) Bought by Invenomic Capital Management LP

Invenomic Capital Management LP purchased a new position in Verint Systems Inc. (NASDAQ:VRNT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 533,825 shares of the technology company’s stock, valued at approximately $14,653,000. Invenomic Capital Management LP owned approximately 0.86% of Verint Systems as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Graham Capital Management L.P. grew its position in shares of Verint Systems by 192.4% in the 4th quarter. Graham Capital Management L.P. now owns 27,821 shares of the technology company’s stock worth $764,000 after acquiring an additional 18,307 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock valued at $3,909,000 after purchasing an additional 515 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Verint Systems during the fourth quarter worth about $224,000. Cetera Investment Advisers acquired a new position in Verint Systems in the fourth quarter valued at approximately $201,000. Finally, Bastion Asset Management Inc. bought a new position in Verint Systems during the 4th quarter worth $3,841,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares of the company’s stock, valued at $337,425. The trade was a 31.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. This represents a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Verint Systems Trading Down 0.7 %

Shares of VRNT opened at $17.90 on Friday. The stock’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $22.99. The firm has a market capitalization of $1.11 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $38.17. 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 (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. Verint Systems’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. As a group, research analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VRNT shares. Evercore ISI decreased their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a 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. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Verint Systems in a research note on Friday, April 25th. Royal Bank of Canada dropped their target price on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. Finally, Wedbush decreased their target price on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a report 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.33.

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.