Teacher Retirement System of Texas Has $834,000 Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Teacher Retirement System of Texas boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 14.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,735 shares of the technology company’s stock after buying an additional 6,025 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Verint Systems worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in Verint Systems by 54.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company’s stock worth $3,093,000 after buying an additional 61,284 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Verint Systems by 7.3% during the first quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company’s stock valued at $1,567,000 after purchasing an additional 6,007 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Verint Systems during the fourth quarter valued at approximately $5,276,000. Parallel Advisors LLC increased its position in shares of Verint Systems by 14,079.2% during the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company’s stock valued at $61,000 after purchasing an additional 3,379 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Verint Systems during the fourth quarter valued at approximately $321,000. 94.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VRNT. Royal Bank Of Canada lowered their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, March 27th. Wall Street Zen cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note 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 note on Thursday, June 5th. Wedbush restated an “outperform” rating and set a $30.00 price target on shares of Verint Systems in a research note on Wednesday, June 4th. Finally, Cowen restated a “buy” rating on shares of Verint Systems in a research note on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Verint Systems Trading Down 3.2%

NASDAQ VRNT opened at $20.07 on Tuesday. The company has a 50 day moving average of $18.44 and a 200-day moving average of $20.79. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $37.31. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 0.83 and a beta of 1.43.

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

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.