Global Alpha Capital Management Ltd. Has $31.20 Million Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Global Alpha Capital Management Ltd. raised its position in Verint Systems Inc. (NASDAQ:VRNT) by 22.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,231,703 shares of the technology company’s stock after purchasing an additional 227,000 shares during the quarter. Verint Systems makes up approximately 2.0% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 24th biggest position. Global Alpha Capital Management Ltd. owned about 1.99% of Verint Systems worth $31,199,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VRNT. Quarry LP raised its holdings in shares of Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after buying an additional 489 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Verint Systems in the second quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Verint Systems in the second quarter valued at approximately $43,000. SG Americas Securities LLC bought a new position in shares of Verint Systems in the 1st quarter valued at $128,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Verint Systems in the 2nd quarter valued at $138,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Performance

NASDAQ VRNT opened at $23.18 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The company has a market capitalization of $1.44 billion, a P/E ratio of 34.60, a P/E/G ratio of 0.99 and a beta of 1.25. The company has a fifty day moving average of $23.87 and a 200-day moving average of $29.41. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $212.81 million. During the same quarter in the previous year, the firm posted $0.22 EPS. Verint Systems’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Grant A. Highlander sold 3,389 shares of the company’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 $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Elan Moriah sold 7,160 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were 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 trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.