First Trust Advisors LP decreased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 334,679 shares of the technology company’s stock after selling 49,505 shares during the quarter. First Trust Advisors LP owned about 0.52% of Verint Systems worth $16,767,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Verint Systems by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 65,825 shares of the technology company’s stock worth $2,919,000 after acquiring an additional 1,178 shares during the last quarter. Zacks Investment Management increased its holdings in shares of Verint Systems by 1.2% during the 2nd quarter. Zacks Investment Management now owns 99,017 shares of the technology company’s stock worth $4,391,000 after acquiring an additional 1,179 shares during the last quarter. Strs Ohio increased its holdings in shares of Verint Systems by 60.0% during the 2nd quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock worth $177,000 after acquiring an additional 1,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Verint Systems by 27.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,239 shares of the technology company’s stock worth $410,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Verint Systems by 31.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,878 shares of the technology company’s stock worth $378,000 after acquiring an additional 2,135 shares during the last quarter. 95.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Wedbush reissued a “buy” rating and set a $58.00 target price on shares of Verint Systems in a report on Friday, October 19th. JPMorgan Chase & Co. boosted their target price on Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. BidaskClub lowered Verint Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, ValuEngine lowered Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.92.
Shares of NASDAQ VRNT opened at $47.00 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65. Verint Systems Inc. has a one year low of $37.10 and a one year high of $52.45. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.07 and a beta of 1.10.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.14. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The firm had revenue of $306.30 million for the quarter, compared to analyst estimates of $295.84 million. During the same period in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts forecast that Verint Systems Inc. will post 2.22 earnings per share for the current fiscal year.
In other Verint Systems news, CEO Dan Bodner sold 61,298 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $48.66, for a total value of $2,982,760.68. Following the transaction, the chief executive officer now directly owns 663,615 shares of the company’s stock, valued at approximately $32,291,505.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Fante sold 6,603 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $49.65, for a total value of $327,838.95. Following the sale, the insider now owns 135,552 shares of the company’s stock, valued at $6,730,156.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,501 shares of company stock worth $5,239,269. Insiders own 1.40% of the company’s stock.
Verint Systems Profile
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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