Quest Partners LLC Buys 23,191 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Quest Partners LLC raised its stake in Verint Systems Inc. (NASDAQ:VRNT) by 1,057.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,385 shares of the technology company’s stock after acquiring an additional 23,191 shares during the period. Quest Partners LLC’s holdings in Verint Systems were worth $643,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after purchasing an additional 232,499 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock valued at $26,242,000 after buying an additional 211,570 shares in the last quarter. Vanguard Group Inc. increased its stake in Verint Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after acquiring an additional 185,105 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Verint Systems by 154.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,332 shares of the technology company’s stock worth $5,420,000 after acquiring an additional 102,225 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Verint Systems during the 2nd quarter worth approximately $3,188,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Wednesday, September 25th. Jefferies Financial Group reduced their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, Evercore ISI decreased their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.67.

Insider Buying and Selling

In other news, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the transaction, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock valued at $874,014 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT opened at $24.43 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 0.98 and a beta of 1.25. Verint Systems Inc. has a 12 month low of $21.27 and a 12 month high of $38.17. The firm’s 50-day moving average is $23.75 and its 200 day moving average is $29.28.

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

Verint Systems Company 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.