Verint Systems Inc. (NASDAQ:VRNT) Shares Acquired by Global Alpha Capital Management Ltd.

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Verint Systems by 1.9% during the first quarter, now holding 1,750,603 shares valued at approximately $31.25 million.
• Verint Systems reported a quarterly EPS of $0.29, missing estimates by $0.12, while revenue dropped 6% year-over-year to $173.62 million.
• Analysts have given Verint Systems a Moderate Buy rating with an average price target of $31.71, with expectations of an EPS of 1.92 for the current fiscal year.

Global Alpha Capital Management Ltd. increased its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,750,603 shares of the technology company's stock after purchasing an additional 32,900 shares during the quarter. Verint Systems comprises about 2.3% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 21st biggest holding. Global Alpha Capital Management Ltd. owned 2.82% of Verint Systems worth $31,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Clark Capital Management Group Inc. lifted its holdings in Verint Systems by 0.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock worth $3,909,000 after purchasing an additional 515 shares during the period. Philadelphia Trust Co. lifted its holdings in Verint Systems by 0.9% in the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company's stock valued at $2,932,000 after acquiring an additional 1,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Verint Systems by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock valued at $1,280,000 after acquiring an additional 1,562 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Verint Systems by 808.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after acquiring an additional 1,713 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Verint Systems by 5.2% in the 4th quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock valued at $1,030,000 after acquiring an additional 1,853 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Verint Systems Trading Up 0.7%

NASDAQ VRNT opened at $21.01 on Friday. The stock's 50-day moving average price is $19.85 and its two-hundred day moving average price is $20.22. The company has a market cap of $1.26 billion, a PE ratio of 25.62, a PEG ratio of 0.84 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.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company 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 EPS. Research analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VRNT shares. Rosenblatt Securities started coverage on shares of Verint Systems in a report on Friday, July 18th. They issued a "buy" rating and a $40.00 price target for the company. 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 reissued an "outperform" rating and issued a $30.00 price target on shares of Verint Systems in a report on Wednesday, June 4th. Finally, Cowen reissued a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Verint Systems has an average rating of "Moderate Buy" and an average target price 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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