Global Alpha Capital Management Ltd. Has $48.56 Million Holdings in Verint Systems Inc. $VRNT

Global Alpha Capital Management Ltd. raised its stake in Verint Systems Inc. (NASDAQ:VRNT) by 41.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,468,603 shares of the technology company’s stock after purchasing an additional 718,000 shares during the period. Verint Systems makes up approximately 3.0% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 11th biggest position. Global Alpha Capital Management Ltd.’s holdings in Verint Systems were worth $48,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Verint Systems during the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its position in Verint Systems by 2,180.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company’s stock worth $32,000 after buying an additional 1,570 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Verint Systems during the first quarter valued at about $40,000. Parkside Financial Bank & Trust increased its stake in Verint Systems by 30.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company’s stock valued at $51,000 after acquiring an additional 613 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in Verint Systems in the 1st quarter valued at approximately $94,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

Shares of NASDAQ:VRNT opened at $20.29 on Friday. The business’s fifty day moving average price is $20.29 and its two-hundred day moving average price is $19.56. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company had revenue of $165.52 million during the quarter, compared to analysts’ expectations of $200.43 million. During the same period last year, the business earned $0.49 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. Research analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

VRNT has been the topic of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Rosenblatt Securities cut Verint Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $20.50 in a research report on Monday, August 25th. Wedbush downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Verint Systems in a report on Wednesday, October 8th. Finally, TD Cowen cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Verint Systems presently has a consensus rating of “Hold” and a consensus price target of $26.33.

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.