Sei Investments Co. Has $2.12 Million Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Sei Investments Co. trimmed its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 44.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,304 shares of the technology company’s stock after selling 62,841 shares during the quarter. Sei Investments Co. owned 0.12% of Verint Systems worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VRNT. Global Alpha Capital Management Ltd. boosted its holdings in Verint Systems by 39.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock valued at $47,151,000 after purchasing an additional 486,000 shares during the period. State Street Corp lifted its stake in shares of Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares during the period. Geode Capital Management LLC grew its position in Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after buying an additional 4,034 shares in the last quarter. William Blair Investment Management LLC increased its stake in Verint Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company’s stock valued at $38,613,000 after acquiring an additional 32,682 shares during the period. Finally, Boston Partners raised its holdings in Verint Systems by 52.2% in the 4th quarter. Boston Partners now owns 858,171 shares of the technology company’s stock valued at $23,257,000 after acquiring an additional 294,381 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Trading Down 4.9 %

Shares of Verint Systems stock opened at $15.20 on Friday. The stock has a market capitalization of $944.50 million, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 12-month low of $14.16 and a 12-month high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $22.94 and a 200 day simple moving average of $24.36.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRNT has been the topic of several recent research reports. Evercore ISI decreased their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada decreased their price target on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Wedbush lowered their price target on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Needham & Company LLC reduced their price objective on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Finally, StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and an average target price of $30.33.

Verint Systems Company 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.