Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its position in shares of Verint Systems Inc. (NASDAQ:VRNTGet Rating) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,111,900 shares of the technology company’s stock after selling 37,174 shares during the quarter. Neuberger Berman Group LLC’s holdings in Verint Systems were worth $57,475,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Verint Systems by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,896,345 shares of the technology company’s stock worth $304,841,000 after purchasing an additional 65,157 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Verint Systems by 0.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 5,253,751 shares of the technology company’s stock worth $271,619,000 after purchasing an additional 38,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Verint Systems by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,554,823 shares of the technology company’s stock valued at $132,085,000 after purchasing an additional 48,597 shares during the period. American Capital Management Inc. grew its position in shares of Verint Systems by 1.5% in the fourth quarter. American Capital Management Inc. now owns 1,588,128 shares of the technology company’s stock valued at $83,393,000 after purchasing an additional 23,494 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Verint Systems by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,415,021 shares of the technology company’s stock valued at $73,156,000 after purchasing an additional 24,335 shares during the period.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $37.14 on Monday. Verint Systems Inc. has a 1-year low of $36.55 and a 1-year high of $56.39. The business has a 50-day moving average of $45.48 and a 200-day moving average of $48.08. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.31 and a quick ratio of 1.30. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -161.48, a PEG ratio of 1.63 and a beta of 0.81.

Verint Systems (NASDAQ:VRNTGet Rating) last issued its earnings results on Wednesday, September 7th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Verint Systems had a return on equity of 12.80% and a net margin of 0.72%. The company had revenue of $223.63 million during the quarter, compared to the consensus estimate of $225.98 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Verint Systems Inc. will post 1.52 EPS for the current fiscal year.

Insider Transactions at Verint Systems

In related news, insider Peter Fante sold 6,289 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $43.38, for a total value of $272,816.82. Following the transaction, the insider now owns 46,417 shares in the company, valued at $2,013,569.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VRNT. Evercore ISI lowered their price objective on Verint Systems to $65.00 in a research report on Thursday, June 9th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Wedbush lowered their price target on Verint Systems from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Royal Bank of Canada lowered their price target on Verint Systems from $61.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.40.

About Verint Systems

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Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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