Federated Hermes Inc. Grows Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Federated Hermes Inc. boosted its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 10.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 181,898 shares of the technology company’s stock after acquiring an additional 16,919 shares during the quarter. Federated Hermes Inc.’s holdings in Verint Systems were worth $4,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Keybank National Association OH lifted its stake in Verint Systems by 4.0% in the 3rd quarter. Keybank National Association OH now owns 16,642 shares of the technology company’s stock worth $383,000 after purchasing an additional 639 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Verint Systems by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company’s stock worth $792,000 after buying an additional 792 shares in the last quarter. CWM LLC boosted its stake in Verint Systems by 241.8% during the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after buying an additional 926 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Verint Systems by 12.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,165 shares of the technology company’s stock valued at $356,000 after buying an additional 1,435 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in Verint Systems by 20.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,189 shares of the technology company’s stock valued at $211,000 after buying an additional 1,543 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Insider Transactions at Verint Systems

In related news, CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the completion of the sale, the chief executive officer now owns 991,748 shares in the company, valued at approximately $29,752,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Dan Bodner sold 35,039 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total value of $1,051,170.00. Following the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at $29,752,440. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 2,062 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $62,045.58. Following the transaction, the chief financial officer now directly owns 82,442 shares in the company, valued at approximately $2,480,679.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,988 shares of company stock worth $4,873,715. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VRNT has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Thursday, March 28th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.20.

Verint Systems Price Performance

VRNT stock opened at $30.20 on Friday. The stock has a market cap of $1.88 billion, a PE ratio of 104.14, a P/E/G ratio of 1.31 and a beta of 1.20. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28. The company has a 50-day moving average price of $30.97 and a 200 day moving average price of $27.28. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The firm had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. Equities research analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Verint Systems Company 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.