Strs Ohio grew its stake in Verint Systems Inc. (NASDAQ:VRNT) by 60.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the technology company’s stock after acquiring an additional 1,500 shares during the quarter. Strs Ohio’s holdings in Verint Systems were worth $177,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Verint Systems in the first quarter valued at $206,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Verint Systems in the first quarter valued at $222,000. Jane Street Group LLC purchased a new stake in shares of Verint Systems in the first quarter valued at $227,000. Quantbot Technologies LP lifted its position in shares of Verint Systems by 102.1% in the first quarter. Quantbot Technologies LP now owns 8,503 shares of the technology company’s stock valued at $362,000 after acquiring an additional 4,295 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Verint Systems by 31.7% in the first quarter. Principal Financial Group Inc. now owns 8,878 shares of the technology company’s stock valued at $378,000 after purchasing an additional 2,135 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
Several equities analysts recently commented on VRNT shares. BidaskClub upgraded Verint Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 26th. Imperial Capital upgraded Verint Systems from an “in-line” rating to an “outperform” rating and upped their target price for the company from $47.00 to $49.50 in a research note on Thursday, May 31st. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, June 14th. ValuEngine upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on Verint Systems from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Verint Systems has a consensus rating of “Hold” and an average target price of $54.30.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 5th. The technology company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.14. The firm had revenue of $306.30 million during the quarter, compared to analyst estimates of $295.84 million. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. research analysts predict that Verint Systems Inc. will post 2.23 EPS for the current year.
In other Verint Systems news, insider Peter Fante sold 6,603 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $49.65, for a total transaction of $327,838.95. Following the completion of the sale, the insider now directly owns 135,552 shares in the company, valued at $6,730,156.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dan Bodner sold 61,298 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 663,615 shares of the company’s stock, valued at $32,291,505.90. The disclosure for this sale can be found here. Insiders sold 103,199 shares of company stock valued at $5,029,683 over the last quarter. Insiders own 1.40% of the company’s stock.
Verint Systems Company 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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