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abrdn plc Raises Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

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abrdn plc lifted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,207,188 shares of the technology company's stock after purchasing an additional 23,532 shares during the period. abrdn plc's holdings in Verint Systems were worth $62,411,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Arizona State Retirement System increased its stake in shares of Verint Systems by 1.1% during the 1st quarter. Arizona State Retirement System now owns 17,682 shares of the technology company's stock worth $914,000 after purchasing an additional 188 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Verint Systems by 1.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,891 shares of the technology company's stock worth $677,000 after purchasing an additional 198 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Verint Systems by 1.5% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 13,500 shares of the technology company's stock worth $698,000 after purchasing an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Verint Systems by 3.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 7,454 shares of the technology company's stock worth $385,000 after purchasing an additional 214 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of Verint Systems by 5.5% during the 1st quarter. Comerica Bank now owns 6,193 shares of the technology company's stock worth $345,000 after purchasing an additional 323 shares in the last quarter.

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Verint Systems Stock Down 1.6 %

Shares of VRNT opened at $44.55 on Monday. The firm has a market cap of $2.88 billion, a PE ratio of -404.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.84. The company's fifty day moving average is $45.93 and its two-hundred day moving average is $49.73. Verint Systems Inc. has a fifty-two week low of $39.83 and a fifty-two week high of $56.39. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT – Get Rating) last announced its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $219.25 million for the quarter, compared to analyst estimates of $215.52 million. Verint Systems had a net margin of 1.56% and a return on equity of 13.49%. Verint Systems's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. Analysts forecast that Verint Systems Inc. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

VRNT has been the subject of a number of recent research reports. TheStreet cut shares of Verint Systems from a "b-" rating to a "c" rating in a research note on Tuesday, April 12th. Royal Bank of Canada lifted their target price on shares of Verint Systems from $57.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 30th. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Wednesday, July 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $61.00 target price on shares of Verint Systems in a research note on Wednesday, June 8th. Finally, Evercore ISI lowered their target price on shares of Verint Systems to $65.00 in a research note on Thursday, June 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.80.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, President Elan Moriah sold 2,337 shares of Verint Systems stock in a transaction on Monday, June 13th. The shares were sold at an average price of $44.88, for a total value of $104,884.56. Following the transaction, the president now owns 118,485 shares in the company, valued at approximately $5,317,606.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director John R. Egan sold 10,000 shares of Verint Systems stock in a transaction on Friday, June 17th. The shares were sold at an average price of $41.51, for a total transaction of $415,100.00. Following the transaction, the director now owns 36,407 shares in the company, valued at approximately $1,511,254.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Elan Moriah sold 2,337 shares of Verint Systems stock in a transaction on Monday, June 13th. The shares were sold at an average price of $44.88, for a total transaction of $104,884.56. Following the transaction, the president now owns 118,485 shares in the company, valued at approximately $5,317,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 27,701 shares of company stock worth $1,198,489 in the last quarter. 2.40% of the stock is owned by insiders.

Verint Systems Profile

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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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