Nuveen LLC Purchases Shares of 490,640 Verint Systems Inc. $VRNT

Key Points

• Nuveen LLC acquired 490,640 shares of Verint Systems Inc. for approximately $8.76 million, representing ownership of 0.79% of the company.
• Verint Systems recently reported a quarterly EPS of $0.29, missing analysts' estimates of $0.41, with revenue also falling short at $173.62 million.
• Several analysts have set a target price of $30.00 to $40.00 for Verint Systems, indicating a consensus rating of "Moderate Buy" with an average target price of $31.71.

Nuveen LLC acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 490,640 shares of the technology company's stock, valued at approximately $8,758,000. Nuveen LLC owned about 0.79% of Verint Systems at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VRNT. Canada Pension Plan Investment Board acquired a new stake in Verint Systems during the 4th quarter valued at $58,000. Parallel Advisors LLC lifted its holdings in Verint Systems by 14,079.2% during the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock valued at $61,000 after purchasing an additional 3,379 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Verint Systems during the 4th quarter valued at $62,000. Wolverine Asset Management LLC acquired a new stake in Verint Systems during the 1st quarter valued at $94,000. Finally, GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 5,263 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Verint Systems Stock Performance

Shares of Verint Systems stock remained flat at $20.39 during midday trading on Friday. The company had a trading volume of 1,983,585 shares, compared to its average volume of 2,416,737. The stock's fifty day moving average is $20.45 and its two-hundred day moving average is $19.62. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 0.82 and a beta of 1.46. Verint Systems Inc. has a one year low of $14.15 and a one year high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The company had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%.Verint Systems's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. Research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VRNT has been the subject of several research reports. Needham & Company LLC downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Monday. TD Cowen downgraded shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wedbush cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Cowen reissued a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Finally, Rosenblatt Securities downgraded shares of Verint Systems from a "buy" rating to a "hold" rating and cut their price objective for the company from $40.00 to $20.50 in a report on Monday. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Verint Systems has an average rating of "Hold" and a consensus price target of $27.71.

Verint Systems 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.