Global Alpha Capital Management Ltd. Acquires 182,800 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Global Alpha Capital Management Ltd. boosted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 23.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 968,303 shares of the technology company’s stock after acquiring an additional 182,800 shares during the quarter. Verint Systems accounts for about 2.4% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 17th largest position. Global Alpha Capital Management Ltd. owned 1.55% of Verint Systems worth $32,099,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Verint Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock worth $194,145,000 after acquiring an additional 73,592 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Verint Systems in the 4th quarter worth approximately $34,172,000. Norges Bank acquired a new position in shares of Verint Systems in the 4th quarter worth approximately $18,601,000. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Verint Systems by 56.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after purchasing an additional 235,900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Verint Systems by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock valued at $16,663,000 after acquiring an additional 24,952 shares during the period. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Performance

NASDAQ VRNT traded up $1.20 during trading on Tuesday, hitting $33.48. 858,227 shares of the company’s stock traded hands, compared to its average volume of 619,394. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 69.75, a PEG ratio of 1.34 and a beta of 1.26. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $40.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.30 and a current ratio of 1.34. The business has a 50 day moving average of $32.55 and a 200-day moving average of $30.99.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $221.28 million for the quarter, compared to analysts’ expectations of $214.71 million. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. As a group, equities research analysts anticipate that Verint Systems Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

In other news, CEO Dan Bodner sold 35,039 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the sale, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at $29,752,440. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Verint Systems news, Director William Kurtz sold 2,110 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $36.54, for a total transaction of $77,099.40. Following the transaction, the director now directly owns 20,193 shares in the company, valued at $737,852.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 35,039 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the transaction, the chief executive officer now owns 991,748 shares in the company, valued at $29,752,440. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 416,566 shares of company stock valued at $13,949,932. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VRNT. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

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.