Federated Hermes Inc. Has $5.56 Million Stake in Verint Systems Inc. (NASDAQ:VRNT)

Federated Hermes Inc. lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,525 shares of the technology company’s stock after selling 17,241 shares during the quarter. Federated Hermes Inc. owned about 0.28% of Verint Systems worth $5,555,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Verint Systems in the first quarter worth about $30,000. Innealta Capital LLC acquired a new position in shares of Verint Systems during the second quarter worth approximately $36,000. FinTrust Capital Advisors LLC grew its stake in shares of Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Verint Systems in the first quarter valued at approximately $42,000. Institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on VRNT shares. TD Cowen reduced their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group cut their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Verint Systems currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Verint Systems Trading Down 1.0 %

NASDAQ:VRNT opened at $26.20 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 54.75, a PEG ratio of 1.12 and a beta of 1.24. The business’s 50-day moving average price is $31.67 and its two-hundred day moving average price is $31.70.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. On average, equities analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Insider Activity

In related news, CFO Grant A. Highlander sold 3,389 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the sale, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now owns 131,267 shares in the company, valued at $3,393,251.95. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 in the last quarter. Company insiders own 1.70% of the company’s stock.

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.