Johnson Financial Group Inc. Invests $69,000 in Verint Systems Inc. $VRNT

Johnson Financial Group Inc. bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,529 shares of the technology company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strs Ohio purchased a new position in Verint Systems in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Verint Systems by 2,180.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,570 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Verint Systems during the 1st quarter worth $40,000. Parkside Financial Bank & Trust boosted its holdings in shares of Verint Systems by 30.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company’s stock worth $51,000 after buying an additional 613 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Verint Systems during the first quarter valued at about $94,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on VRNT shares. Needham & Company LLC lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Verint Systems in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Wedbush downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, TD Cowen lowered 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.33.

Verint Systems Price Performance

Shares of VRNT stock opened at $20.51 on Friday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 0.89 and a beta of 1.52. The company’s fifty day simple moving average is $20.29 and its two-hundred day simple moving average is $19.84. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $34.80.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, topping 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 firm had revenue of $165.52 million during the quarter, compared to analyst estimates of $200.43 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current year.

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.