Teachers Retirement System of The State of Kentucky Grows Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,880 shares of the technology company’s stock after buying an additional 3,938 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.09% of Verint Systems worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quarry LP boosted its stake in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the period. Innealta Capital LLC purchased a new position in shares of Verint Systems during the second quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Verint Systems during the second quarter valued at approximately $43,000. Quantbot Technologies LP purchased a new stake in shares of Verint Systems in the third quarter worth approximately $58,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Verint Systems during the 2nd quarter worth approximately $138,000. Institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Thursday, December 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Finally, TD Cowen lowered their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Price Performance

NASDAQ VRNT opened at $29.42 on Wednesday. The company has a market cap of $1.83 billion, a PE ratio of 31.30, a P/E/G ratio of 1.25 and a beta of 1.28. The firm’s 50 day moving average price is $24.65 and its 200-day moving average price is $28.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

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.