Segall Bryant & Hamill LLC Invests $1.93 Million in Verint Systems Inc. (NASDAQ:VRNT)

Segall Bryant & Hamill LLC bought a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,254 shares of the technology company’s stock, valued at approximately $1,932,000. Segall Bryant & Hamill LLC owned about 0.12% of Verint Systems as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Stanley Laman Group Ltd. lifted its holdings in shares of Verint Systems by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 478 shares during the last quarter. Quarry LP increased its holdings in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares in the last quarter. Lingohr Asset Management GmbH raised its position in shares of Verint Systems by 3.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock valued at $507,000 after purchasing an additional 712 shares during the last quarter. Innealta Capital LLC purchased a new stake in Verint Systems during the 2nd quarter worth approximately $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Verint Systems by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock valued at $405,000 after purchasing an additional 1,272 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the transaction, the president now owns 139,251 shares in the company, valued at approximately $3,599,638.35. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,811 shares of company stock worth $874,014. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

VRNT has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a report on Thursday, September 26th. Evercore ISI reduced their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Verint Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Verint Systems Stock Up 2.5 %

Shares of VRNT stock opened at $24.43 on Friday. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The stock has a market cap of $1.51 billion, a P/E ratio of 36.46, a P/E/G ratio of 1.01 and a beta of 1.25. The stock has a 50 day moving average of $23.75 and a 200 day moving average of $29.27. 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 (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The firm had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

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.