Verint Systems Inc. $VRNT Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its stake in Verint Systems Inc. (NASDAQ:VRNT) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 628,880 shares of the technology company’s stock after selling 10,354 shares during the quarter. Northern Trust Corp owned about 1.01% of Verint Systems worth $11,226,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Clark Capital Management Group Inc. grew its stake in Verint Systems by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock valued at $3,909,000 after purchasing an additional 515 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Verint Systems by 6.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company’s stock worth $963,000 after purchasing an additional 3,174 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Verint Systems by 14,079.2% in the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company’s stock worth $61,000 after purchasing an additional 3,379 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Verint Systems by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,267,351 shares of the technology company’s stock worth $22,622,000 after purchasing an additional 3,849 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Verint Systems by 7.8% in the 4th quarter. Comerica Bank now owns 63,006 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 4,558 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Cowen restated a “buy” rating on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities cut Verint Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Needham & Company LLC cut Verint Systems from a “buy” rating to a “hold” rating in a report on Monday, August 25th. TD Cowen cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Wedbush cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.33.

Verint Systems Stock Down 0.2%

Shares of VRNT opened at $20.36 on Friday. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $34.80. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 0.82 and a beta of 1.47. The stock’s 50-day moving average price is $20.63 and its 200 day moving average price is $19.46.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company had revenue of $165.52 million for the quarter, compared to analyst estimates of $200.43 million. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts expect that Verint Systems Inc. will post 1.92 EPS 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.