Segall Bryant & Hamill LLC lifted its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,075 shares of the technology company's stock after purchasing an additional 26,821 shares during the quarter. Segall Bryant & Hamill LLC owned 0.17% of Verint Systems worth $2,829,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Global Alpha Capital Management Ltd. lifted its position in Verint Systems by 39.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock valued at $47,151,000 after purchasing an additional 486,000 shares during the last quarter. State Street Corp lifted its holdings in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after acquiring an additional 23,400 shares during the last quarter. Geode Capital Management LLC grew its position in Verint Systems by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock worth $38,004,000 after acquiring an additional 4,034 shares in the last quarter. William Blair Investment Management LLC increased its stake in Verint Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock worth $38,613,000 after acquiring an additional 32,682 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Verint Systems by 15.5% during the 4th quarter. Prudential Financial Inc. now owns 1,189,091 shares of the technology company's stock valued at $32,641,000 after purchasing an additional 159,905 shares during the last quarter. Institutional investors own 94.95% of the company's stock.
Verint Systems Stock Performance
NASDAQ VRNT traded down $0.02 on Tuesday, hitting $17.83. 976,820 shares of the company's stock traded hands, compared to its average volume of 757,186. The firm has a market capitalization of $1.11 billion, a PE ratio of 18.97, a P/E/G ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 1-year low of $17.27 and a 1-year high of $38.17. The firm's 50-day moving average price is $23.48 and its two-hundred day moving average price is $24.56. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.
Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, analysts expect that Verint Systems Inc. will post 1.92 EPS for the current year.
Analyst Upgrades and Downgrades
VRNT has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. Jefferies Financial Group raised their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Needham & Company LLC dropped their price target on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada dropped their target price 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. Finally, Wedbush reduced their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Verint Systems currently has an average rating of "Moderate Buy" and a consensus target price of $30.33.
Read Our Latest Report on Verint Systems
Verint Systems Profile
(
Free Report)
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.
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