Charles Schwab Investment Management Inc. Has $13.57 Million Stock Position in Verint Systems Inc. $VRNT

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Verint Systems by 7.8%, adding 54,880 shares to hold a total of 760,107 shares valued at approximately $13.6 million.
• Research firms have given a consensus rating of Moderate Buy on Verint Systems, with an average price target of $31.71.
• Verint Systems reported a quarterly earnings per share (EPS) of $0.29, missing estimates by $0.12 and showing a 6.0% decline in revenue year-over-year.

Charles Schwab Investment Management Inc. raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 760,107 shares of the technology company's stock after buying an additional 54,880 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.22% of Verint Systems worth $13,568,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Verint Systems by 54.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company's stock worth $3,093,000 after buying an additional 61,284 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Verint Systems by 7.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company's stock valued at $1,567,000 after purchasing an additional 6,007 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Verint Systems by 14.8% during the 1st quarter. Teacher Retirement System of Texas now owns 46,735 shares of the technology company's stock valued at $834,000 after purchasing an additional 6,025 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Verint Systems by 1.5% during the 4th quarter. Northern Trust Corp now owns 639,234 shares of the technology company's stock valued at $17,547,000 after purchasing an additional 9,361 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Up 0.0%

Shares of VRNT stock traded up $0.01 during trading on Thursday, reaching $20.39. 791,248 shares of the company's stock were exchanged, compared to its average volume of 1,252,542. The stock has a market capitalization of $1.23 billion, a PE ratio of 24.84, a PEG ratio of 0.81 and a beta of 1.46. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $34.80. The firm's fifty day moving average price is $20.30 and its 200-day moving average price is $19.70.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The business had revenue of $173.62 million for 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%.The firm's revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on VRNT. Needham & Company LLC cut Verint Systems from a "buy" rating to a "hold" rating in a report on Monday. Royal Bank Of Canada reiterated a "sector perform" rating and set a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a report on Tuesday. Wedbush cut Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday. TD Cowen cut Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Cowen restated a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.