Verint Systems Inc. $VRNT Stock Position Cut by Signaturefd LLC

Signaturefd LLC cut its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 50.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,374 shares of the technology company’s stock after selling 1,379 shares during the quarter. Signaturefd LLC’s holdings in Verint Systems were worth $27,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Verint Systems by 148.3% in 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 acquiring an additional 1,299,085 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in shares of Verint Systems by 116.5% during the first 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 bought a new position in shares of Verint Systems in the first quarter valued at about $10,168,000. Nuveen LLC bought a new position in shares of Verint Systems in the first quarter valued at about $8,758,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Verint Systems in the first quarter valued at about $6,406,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Price Performance

VRNT stock opened at $20.25 on Wednesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.89 and a beta of 1.50. The business’s fifty day moving average price is $20.30 and its two-hundred day moving average price is $19.04. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $34.80.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. TD Cowen cut Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Needham & Company LLC lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Verint Systems in a research report on Saturday, September 27th. Wedbush cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Rosenblatt Securities cut Verint Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $20.50 in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Verint Systems has a consensus rating of “Hold” and an average target price of $26.33.

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.