Segall Bryant & Hamill LLC Acquires 26,821 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Segall Bryant & Hamill LLC increased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,075 shares of the technology company’s stock after buying an additional 26,821 shares during the quarter. Segall Bryant & Hamill LLC owned 0.17% of Verint Systems worth $2,829,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Alpha Capital Management Ltd. lifted its holdings in shares of Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after acquiring an additional 486,000 shares during the last quarter. Boston Partners lifted its stake in Verint Systems by 52.2% in the 4th quarter. Boston Partners now owns 858,171 shares of the technology company’s stock valued at $23,257,000 after purchasing an additional 294,381 shares during the last quarter. Dana Investment Advisors Inc. acquired a new stake in Verint Systems in the fourth quarter valued at approximately $6,907,000. Disciplined Growth Investors Inc. MN bought a new stake in shares of Verint Systems during the third quarter worth $5,083,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Verint Systems during the fourth quarter worth $5,276,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Down 13.4 %

Verint Systems stock opened at $18.73 on Friday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 52-week low of $18.17 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a 50 day moving average price of $23.88 and a two-hundred day moving average price of $24.74.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The firm had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. Equities analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRNT shares. Royal Bank of Canada cut their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday. Needham & Company LLC reduced their price target on Verint Systems from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group raised their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.67.

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.