13,201 Shares in Verint Systems Inc. (NASDAQ:VRNT) Bought by Diversified Trust Co

Diversified Trust Co acquired a new position in Verint Systems Inc. (NASDAQ:VRNT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,201 shares of the technology company’s stock, valued at approximately $236,000.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Verint Systems by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company’s stock worth $68,054,000 after acquiring an additional 338,454 shares during the period. Global Alpha Capital Management Ltd. raised its position in shares of Verint Systems by 39.5% in 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 acquiring an additional 486,000 shares during the period. Senvest Management LLC raised its position in shares of Verint Systems by 9.1% in the fourth 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. William Blair Investment Management LLC raised its position in shares of 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 acquiring an additional 32,682 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Verint Systems by 48.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company’s stock worth $34,683,000 after acquiring an additional 412,655 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VRNT. Wedbush reiterated an “outperform” rating and issued a $30.00 price objective on shares of Verint Systems in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Royal Bank Of Canada reduced their price target on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Verint Systems in a research report on Thursday, June 5th. Finally, Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.33.

Verint Systems Stock Down 5.5%

VRNT opened at $18.59 on Wednesday. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $37.31. The company has a market cap of $1.12 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. The company has a 50-day moving average price of $17.87 and a 200 day moving average price of $21.19.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The business had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, sell-side analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Verint Systems

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the 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 completion of the sale, the insider owned 20,450 shares in the company, valued at approximately $337,425. This represents a 31.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the sale, the director owned 28,473 shares of the company’s stock, valued at approximately $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.