Russell Investments Group Ltd. Has $4.31 Million Stock Position in Verint Systems Inc. $VRNT

Key Points

• Russell Investments Group Ltd. has increased its position in Verint Systems Inc. by 24.5%, now owning approximately 241,466 shares valued at $4.31 million.
• Verint reported a loss of $0.12 per share in its most recent earnings release, missing analysts’ expectations, with quarterly revenue down by 6.0% year-over-year.
• Several institutional investors have increased their stakes in Verint Systems, contributing to a total institutional ownership of 94.95% in the company.

Russell Investments Group Ltd. increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 24.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,466 shares of the technology company's stock after acquiring an additional 47,487 shares during the quarter. Russell Investments Group Ltd. owned about 0.39% of Verint Systems worth $4,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Verint Systems by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company's stock worth $139,576,000 after acquiring an additional 55,918 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Verint Systems by 15.8% during the 4th 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 during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Verint Systems by 1.9% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company's stock worth $31,248,000 after acquiring an additional 32,900 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Verint Systems by 0.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,267,351 shares of the technology company's stock worth $22,622,000 after acquiring an additional 3,849 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Verint Systems by 8.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 840,389 shares of the technology company's stock worth $15,001,000 after acquiring an additional 64,520 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Trading Up 6.0%

Shares of VRNT opened at $20.47 on Friday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 0.77 and a beta of 1.46. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $34.80. The company's fifty day simple moving average is $20.10 and its 200 day simple moving average is $19.82.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued 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 firm 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%.Verint Systems's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter 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, research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Rosenblatt Securities assumed coverage on shares of Verint Systems in a research note on Friday, July 18th. They set a "buy" rating and a $40.00 price objective on the stock. Wedbush restated an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a report on Wednesday, June 4th. Cowen restated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Finally, Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a report on Thursday, June 5th. One research 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 company. According to MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

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.

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