Allspring Global Investments Holdings LLC Purchases 51,487 Shares of Verint Systems Inc. $VRNT

Allspring Global Investments Holdings LLC boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 29.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,963 shares of the technology company’s stock after purchasing an additional 51,487 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.37% of Verint Systems worth $4,182,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Verint Systems during the 1st quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Verint Systems during the 1st quarter valued at $40,000. Wolverine Asset Management LLC bought a new stake in shares of Verint Systems during the 1st quarter valued at $94,000. GAMMA Investing LLC lifted its position in shares of Verint Systems by 916.9% during the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company’s stock valued at $104,000 after acquiring an additional 5,263 shares during the period. Finally, State of Wyoming lifted its position in shares of Verint Systems by 7.4% during the 1st quarter. State of Wyoming now owns 9,384 shares of the technology company’s stock valued at $168,000 after acquiring an additional 646 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VRNT. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Rosenblatt Securities cut Verint Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Wedbush cut Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. TD Cowen cut Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Needham & Company LLC cut Verint Systems from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.33.

Verint Systems Trading Up 0.2%

Shares of VRNT stock opened at $20.28 on Tuesday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 0.88 and a beta of 1.50. The stock has a 50-day moving average of $20.17 and a 200-day moving average of $19.14. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $34.80.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results 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. The company had revenue of $165.52 million during 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 business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Verint Systems Inc. will post 1.92 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.