Verint Systems Inc. $VRNT Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 8.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 387,809 shares of the technology company’s stock after buying an additional 28,910 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Verint Systems were worth $7,628,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VRNT. Parkside Financial Bank & Trust boosted its stake in shares of Verint Systems by 30.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company’s stock worth $51,000 after acquiring an additional 613 shares in the last quarter. State of Wyoming boosted its position in Verint Systems by 7.4% during the first quarter. State of Wyoming now owns 9,384 shares of the technology company’s stock worth $168,000 after purchasing an additional 646 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Verint Systems by 11.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,333 shares of the technology company’s stock valued at $282,000 after purchasing an additional 1,500 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Verint Systems by 2,180.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company’s stock valued at $32,000 after buying an additional 1,570 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Verint Systems during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on VRNT. Rosenblatt Securities cut shares of Verint Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $20.50 in a research note on Monday, August 25th. Needham & Company LLC cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Wedbush lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.50 price objective (down from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Finally, TD Cowen lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.33.

Verint Systems Trading Down 0.5%

Verint Systems stock opened at $20.17 on Friday. The stock has a market cap of $1.22 billion, a P/E ratio of 28.41, a PEG ratio of 0.89 and a beta of 1.52. The company has a 50-day moving average price of $20.27 and a 200 day moving average price of $19.73. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $34.80.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business had revenue of $165.52 million during the quarter, compared to the consensus estimate of $200.43 million. During the same quarter last year, the firm earned $0.49 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current 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.