Teacher Retirement System of Texas Buys 10,090 Shares of Verint Systems Inc. $VRNT

Teacher Retirement System of Texas boosted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 21.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,825 shares of the technology company’s stock after purchasing an additional 10,090 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Verint Systems worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNT. Vanguard Group Inc. raised its position in shares of Verint Systems by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company’s stock valued at $139,576,000 after buying an additional 55,918 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Verint Systems by 148.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company’s stock worth $38,826,000 after acquiring an additional 1,299,085 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Verint Systems by 1.9% during the first quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company’s stock valued at $31,248,000 after purchasing an additional 32,900 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Verint Systems by 6.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,589,770 shares of the technology company’s stock worth $28,377,000 after purchasing an additional 93,118 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Verint Systems by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,267,351 shares of the technology company’s stock worth $22,622,000 after purchasing an additional 3,849 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $20.27 on Friday. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $34.80. The company’s 50 day moving average price is $20.29 and its 200-day moving average price is $19.53. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 0.89 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Needham & Company LLC cut Verint Systems from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Wedbush cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. TD Cowen lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Finally, Rosenblatt Securities cut shares of Verint Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $20.50 in a research report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Verint Systems presently has a consensus rating of “Hold” and an average target price of $26.33.

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.