Verint Systems Inc. $VRNT Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Verint Systems by 6.9%, owning 898,328 shares valued at approximately $17.67 million as of the last reporting period.
• Several analysts downgraded Verint Systems' stock ratings from "strong-buy" to "hold," with a consensus target price of $26.33.
• Verint Systems reported an earnings per share of $0.33, beating estimates by $0.07, although its revenue fell short of expectations at $165.52 million.

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 898,328 shares of the technology company's stock after acquiring an additional 57,939 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.49% of Verint Systems worth $17,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Verint Systems during the 1st quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Verint Systems during the 1st quarter worth approximately $40,000. Parallel Advisors LLC increased its stake 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 worth $61,000 after purchasing an additional 3,379 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Verint Systems during the 1st quarter worth approximately $94,000. Finally, GAMMA Investing LLC increased its stake in shares of Verint Systems by 916.9% during the 1st quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock worth $104,000 after purchasing an additional 5,263 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wedbush cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Needham & Company LLC cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. TD Cowen cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Royal Bank Of Canada reissued a "sector perform" rating and set a $20.50 price objective (down from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Finally, Cowen reaffirmed a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of "Hold" and a consensus price target of $26.33.

Verint Systems Stock Performance

VRNT stock opened at $20.26 on Monday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 28.54, a PEG ratio of 0.89 and a beta of 1.47. Verint Systems Inc. has a one year low of $14.15 and a one year high of $34.80. The company has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $19.11.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its earnings results on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $165.52 million during the quarter, compared to analysts' expectations of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. Verint Systems's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

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.

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