World Investment Advisors LLC Acquires New Shares in Verint Systems Inc. (NASDAQ:VRNT)

World Investment Advisors LLC bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,285 shares of the technology company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in shares of Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after acquiring an additional 317,804 shares in the last quarter. Victory Capital Management Inc. increased its stake in Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after purchasing an additional 232,499 shares in the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Verint Systems by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after buying an additional 227,000 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in Verint Systems by 35.1% in the second 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. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of Verint Systems in the third quarter valued at approximately $5,083,000. 94.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. TD Cowen cut their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Evercore ISI cut their price target on 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 upped their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Performance

VRNT opened at $28.21 on Thursday. The business’s 50-day simple moving average is $24.75 and its 200 day simple moving average is $28.82. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market capitalization of $1.76 billion, a PE ratio of 30.01, a PEG ratio of 1.25 and a beta of 1.28.

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.