CW Advisors LLC Takes $334,000 Position in Verint Systems Inc. $VRNT

Key Points

• CW Advisors LLC invested approximately $334,000 in Verint Systems Inc. by acquiring 18,700 shares during the first quarter.
• Multiple institutional investors increased their stakes in Verint Systems, with Allspring Global Investments growing its position by 54.6% during the same period.
• Verint Systems' stock received several downgrades from analysts, with price targets cut significantly, reflecting a shift in market sentiment towards a "hold" rating.

CW Advisors LLC purchased a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,700 shares of the technology company's stock, valued at approximately $334,000.

Other hedge funds also recently made changes to their positions in the company. Clark Capital Management Group Inc. boosted its stake in Verint Systems by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock valued at $3,909,000 after purchasing an additional 515 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Verint Systems by 5.2% in the fourth quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock valued at $1,030,000 after buying an additional 1,853 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Verint Systems in the first quarter valued at $40,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Verint Systems by 6.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company's stock valued at $963,000 after buying an additional 3,174 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Verint Systems by 14,079.2% in the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock valued at $61,000 after buying an additional 3,379 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

VRNT stock traded down $0.04 during midday trading on Tuesday, hitting $20.36. The company's stock had a trading volume of 1,011,084 shares, compared to its average volume of 1,260,235. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $34.80. The company's fifty day moving average price is $20.52 and its 200 day moving average price is $19.49. The stock has a market capitalization of $1.22 billion, a P/E ratio of 24.82, a PEG ratio of 0.82 and a beta of 1.47.

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 return on equity of 12.35% and a net margin of 7.66%.The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. During the same period in the previous year, the firm posted $0.59 EPS. The business's quarterly 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. Equities analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

VRNT has been the topic of several research analyst reports. Wedbush cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. TD Cowen lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $20.50 in a research report on Monday, August 25th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.71.

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.