Fort Washington Investment Advisors Inc. OH Increases Position in Verint Systems Inc. (NASDAQ:VRNT)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 840,389 shares of the technology company's stock after buying an additional 64,520 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 1.35% of Verint Systems worth $15,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of Verint Systems by 9,634.9% in the first quarter. Harbor Capital Advisors Inc. now owns 14,505 shares of the technology company's stock valued at $259,000 after purchasing an additional 14,356 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Verint Systems by 6.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company's stock valued at $963,000 after acquiring an additional 3,174 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Verint Systems by 14,079.2% in the 1st quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock valued at $61,000 after acquiring an additional 3,379 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Verint Systems by 916.9% in the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock valued at $104,000 after acquiring an additional 5,263 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Verint Systems by 142.6% in the fourth quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company's stock worth $2,683,000 after acquiring an additional 57,465 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Peter Fante sold 9,439 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. This trade represents a 31.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the transaction, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Verint Systems Price Performance

Shares of NASDAQ:VRNT traded up $0.33 during midday trading on Monday, reaching $17.50. 941,638 shares of the company's stock traded hands, compared to its average volume of 825,630. The company has a market cap of $1.05 billion, a P/E ratio of 18.62, a PEG ratio of 0.97 and a beta of 1.41. The company has a fifty day simple moving average of $17.41 and a two-hundred day simple moving average of $22.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $37.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The company had revenue of $173.62 million for the quarter, compared to analyst estimates of $194.61 million. During the same quarter last year, the company earned $0.59 EPS. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts predict that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on VRNT. Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Cowen reaffirmed a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a report on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Verint Systems in a research note on Wednesday, June 4th. Finally, Evercore ISI decreased their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.33.

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.