Segall Bryant & Hamill LLC Has $2.83 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Segall Bryant & Hamill LLC boosted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 35.2% in the fourth quarter, HoldingsChannel reports. The firm owned 103,075 shares of the technology company’s stock after buying an additional 26,821 shares during the period. Segall Bryant & Hamill LLC’s holdings in Verint Systems were worth $2,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Intech Investment Management LLC bought a new stake in Verint Systems in the 3rd quarter valued at about $571,000. Charles Schwab Investment Management Inc. grew its stake in Verint Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 651,741 shares of the technology company’s stock valued at $16,509,000 after acquiring an additional 7,409 shares during the period. Quantbot Technologies LP bought a new stake in shares of Verint Systems during the third quarter valued at approximately $58,000. FMR LLC raised its position in shares of Verint Systems by 312.3% during the third quarter. FMR LLC now owns 10,065 shares of the technology company’s stock worth $255,000 after purchasing an additional 7,624 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Verint Systems by 141.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 151,266 shares of the technology company’s stock worth $3,832,000 after purchasing an additional 88,616 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Verint Systems Trading Down 13.4 %

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

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The business 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%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. On average, equities analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Verint Systems

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.