Voya Investment Management LLC Trims Stock Position in Verint Systems Inc. $VRNT

Voya Investment Management LLC cut its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,529 shares of the technology company’s stock after selling 1,159 shares during the period. Voya Investment Management LLC owned approximately 0.27% of Verint Systems worth $2,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Verint Systems by 148.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company’s stock worth $38,826,000 after purchasing an additional 1,299,085 shares during the period. Invenomic Capital Management LP raised its stake in shares of Verint Systems by 116.5% in the 1st quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company’s stock valued at $20,626,000 after acquiring an additional 621,707 shares during the period. Philosophy Capital Management LLC purchased a new stake in shares of Verint Systems in the 1st quarter valued at approximately $10,168,000. Nuveen LLC purchased a new stake in shares of Verint Systems in the 1st quarter valued at approximately $8,758,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Verint Systems in the 1st quarter valued at approximately $6,406,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Down 0.0%

NASDAQ:VRNT opened at $20.28 on Friday. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The stock has a market cap of $1.22 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47. The firm’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $19.17.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VRNT shares. Needham & Company LLC downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. TD Cowen cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Cowen restated a “buy” rating on shares of Verint Systems in a report on Wednesday, June 4th. Wedbush cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Rosenblatt Securities cut shares of Verint Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $20.50 in a report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Verint Systems presently has a consensus rating of “Hold” and a consensus target price of $26.33.

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.