Verint Systems (NASDAQ:VRNT) Sees Unusually-High Trading Volume – Here’s What Happened

Verint Systems Inc. (NASDAQ:VRNT) shares saw strong trading volume on Monday . 10,237,392 shares were traded during mid-day trading, an increase of 809% from the previous session’s volume of 1,126,321 shares.The stock last traded at $20.25 and had previously closed at $20.47.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday. Rosenblatt Securities lowered Verint Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $20.50 in a research note on Monday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $20.50 price target (down from $29.00) on shares of Verint Systems in a research note on Tuesday. Needham & Company LLC lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Wedbush lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Verint Systems has a consensus rating of “Hold” and a consensus target price of $27.71.

Verint Systems Price Performance

The stock has a market cap of $1.23 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a fifty day moving average price of $20.22 and a 200 day moving average price of $19.69.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). The firm had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, sell-side analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verint Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Verint Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company’s stock valued at $139,576,000 after acquiring an additional 55,918 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Verint Systems by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company’s stock worth $68,054,000 after buying an additional 338,454 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Verint Systems by 41.0% during the second quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company’s stock worth $48,557,000 after buying an additional 718,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Verint Systems by 148.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company’s stock worth $38,826,000 after buying an additional 1,299,085 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Verint Systems by 5.1% during the second quarter. Prudential Financial Inc. now owns 1,708,803 shares of the technology company’s stock worth $33,612,000 after buying an additional 83,397 shares in the last quarter. Institutional investors own 94.95% 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.