Boston Partners Sells 128,079 Shares of Verint Systems Inc. $VRNT

Key Points

• Boston Partners has reduced its stake in Verint Systems by 14.9%, now holding approximately 1.17% of the company's shares, equivalent to about $12.8 million.
• Despite the stake reduction, several other institutional investors, including Clark Capital Management and Wells Fargo, have increased their positions in Verint Systems during the same period.
• Verint Systems reported an EPS of $0.29 for the last quarter, falling short of the expected $0.41 and marking a 6% revenue decline compared to the previous year.

Boston Partners lessened its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 14.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 730,092 shares of the technology company's stock after selling 128,079 shares during the quarter. Boston Partners owned about 1.17% of Verint Systems worth $12,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Marshall Wace LLP acquired a new position in Verint Systems during the fourth quarter worth about $22,528,000. Invenomic Capital Management LP acquired a new position in Verint Systems during the fourth quarter worth about $14,653,000. Nuveen LLC acquired a new position in Verint Systems during the first quarter worth about $8,758,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Verint Systems during the first quarter worth about $6,406,000. Finally, Dimensional Fund Advisors LP raised its stake in Verint Systems by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock worth $68,054,000 after acquiring an additional 338,454 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VRNT shares. Rosenblatt Securities started coverage on Verint Systems in a research note on Friday, July 18th. They set a "buy" rating and a $40.00 target price for the company. Cowen reissued a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research note on Thursday, June 5th. Finally, Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.71.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT traded down $0.2770 during midday trading on Wednesday, hitting $18.7930. 303,893 shares of the stock were exchanged, compared to its average volume of 1,078,156. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 0.78 and a beta of 1.46. The business's 50-day moving average price is $20.02 and its 200 day moving average price is $19.90. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The company had revenue of $173.62 million during the quarter, compared to the consensus estimate of $194.61 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business's revenue was down 6.0% on a year-over-year basis. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, sell-side analysts expect that Verint Systems Inc. will post 1.92 EPS for the current year.

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.