Lingohr Asset Management GmbH Grows Position in Verint Systems Inc. (NASDAQ:VRNT)

Lingohr Asset Management GmbH increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,012 shares of the technology company’s stock after acquiring an additional 712 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Verint Systems were worth $507,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VRNT. Quarry LP increased its stake in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares during the last quarter. Innealta Capital LLC purchased a new position in Verint Systems during the second quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems during the second quarter worth approximately $43,000. SG Americas Securities LLC acquired a new position in shares of Verint Systems in the 1st quarter valued at $128,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Verint Systems during the 2nd quarter valued at $138,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Verint Systems

In related news, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the sale, the insider now directly owns 91,334 shares in the company, valued at $2,360,983.90. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the sale, the chief financial officer now owns 131,267 shares in the company, valued at $3,393,251.95. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock worth $874,014 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. TD Cowen reduced their target price on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group lowered their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, September 5th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $23.26 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. Verint Systems Inc. has a 1-year low of $21.27 and a 1-year high of $38.17. The firm has a 50-day moving average of $23.92 and a two-hundred day moving average of $29.47. The stock has a market cap of $1.44 billion, a P/E ratio of 34.72, a PEG ratio of 0.99 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, research analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal 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.