Segall Bryant & Hamill LLC Invests $1.93 Million in Verint Systems Inc. (NASDAQ:VRNT)

Segall Bryant & Hamill LLC bought a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 76,254 shares of the technology company's stock, valued at approximately $1,932,000. Segall Bryant & Hamill LLC owned 0.12% of Verint Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VRNT. SG Americas Securities LLC bought a new stake in Verint Systems during the 1st quarter valued at approximately $128,000. State Board of Administration of Florida Retirement System grew its stake in Verint Systems by 23.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 22,254 shares of the technology company's stock worth $738,000 after purchasing an additional 4,210 shares during the period. Vanguard Group Inc. grew its stake in Verint Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company's stock worth $244,239,000 after purchasing an additional 185,105 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Verint Systems by 46.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 104,984 shares of the technology company's stock worth $3,481,000 after purchasing an additional 33,303 shares in the last quarter. Finally, Comerica Bank lifted its position in Verint Systems by 572.8% during the first quarter. Comerica Bank now owns 44,694 shares of the technology company's stock valued at $1,482,000 after buying an additional 38,051 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Stock Performance

Verint Systems stock traded up $0.59 during trading on Friday, reaching $24.43. The company had a trading volume of 481,012 shares, compared to its average volume of 639,234. The firm's 50-day simple moving average is $23.75 and its 200 day simple moving average is $29.25. Verint Systems Inc. has a 52 week low of $21.27 and a 52 week high of $38.17. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The business had revenue of $210.17 million during the quarter, compared to analysts' expectations of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Sell-side analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the transaction, the chief executive officer now directly owns 592,832 shares of the company's stock, valued at $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VRNT. Wedbush reissued an "outperform" rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on Verint Systems from $34.00 to $30.00 and set an "in-line" rating for the company in a research note on Thursday, September 5th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, September 5th. Finally, TD Cowen dropped their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Verint Systems currently has an average rating of "Moderate Buy" and a consensus target price of $34.67.

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.