Verint Systems Inc. $VRNT Stock Holdings Trimmed by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Verint Systems Inc. by 38.8%, owning approximately 1.75% of the company worth $19.42 million as of its latest SEC filing.
• Verint Systems reported disappointing quarterly results, with earnings per share of $0.29, missing expectations by $0.12, and a revenue decline of 6% compared to the previous year.
• Analysts have given mixed ratings for Verint Systems, with the average target price set at $28.93, indicating a generally positive outlook despite recent performance issues.

Wellington Management Group LLP reduced its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 38.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088,054 shares of the technology company's stock after selling 689,831 shares during the period. Wellington Management Group LLP owned about 1.75% of Verint Systems worth $19,422,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Clark Capital Management Group Inc. boosted its holdings in shares of Verint Systems by 0.4% during 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 last quarter. Wells Fargo & Company MN boosted its holdings in shares of Verint Systems by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 46,614 shares of the technology company's stock worth $1,280,000 after purchasing an additional 1,562 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Verint Systems by 5.2% during the fourth quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock worth $1,030,000 after purchasing an additional 1,853 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Verint Systems during the fourth quarter worth $62,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Verint Systems by 6.2% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company's stock worth $963,000 after purchasing an additional 3,174 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Shares of NASDAQ:VRNT remained flat at $20.39 during trading on Friday. The company had a trading volume of 1,983,585 shares, compared to its average volume of 1,261,899. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The firm's fifty day simple moving average is $20.38 and its 200-day simple moving average is $19.66. The stock has a market capitalization of $1.23 billion, a P/E ratio of 24.87, a PEG ratio of 0.82 and a beta of 1.46.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly 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 business had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. During the same quarter last year, the firm posted $0.59 EPS. The company's revenue was down 6.0% compared to the same quarter last year. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. Equities research analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

VRNT has been the topic of a number of research analyst reports. Rosenblatt Securities cut Verint Systems from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $20.50 in a report on Monday. Wedbush cut Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $20.50 target price (down previously from $29.00) on shares of Verint Systems in a report on Tuesday. Needham & Company LLC cut Verint Systems from a "buy" rating to a "hold" rating in a report on Monday. Finally, Cowen reiterated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Verint Systems has a consensus rating of "Hold" and an average target price of $27.71.

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.