Bank of Nova Scotia held its position in Verint Systems Inc. (NASDAQ:VRNT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,410 shares of the technology company’s stock at the end of the first quarter. Bank of Nova Scotia’s holdings in Verint Systems were worth $798,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock valued at $116,000 after buying an additional 576 shares during the last quarter. Bank of Montreal Can raised its position in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after buying an additional 927 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Verint Systems during the fourth quarter valued at $148,000. Strs Ohio raised its position in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after buying an additional 1,600 shares during the last quarter. Finally, Solaris Asset Management LLC raised its position in Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock valued at $187,000 after buying an additional 250 shares during the last quarter. 95.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Verint Systems Inc. (VRNT) opened at 40.67 on Wednesday. The stock has a 50 day moving average of $41.04 and a 200-day moving average of $39.01. Verint Systems Inc. has a 12-month low of $32.04 and a 12-month high of $44.70. The firm’s market capitalization is $2.55 billion.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.11. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The firm had revenue of $265.70 million during the quarter, compared to analyst estimates of $259.97 million. During the same period last year, the firm posted $0.46 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that Verint Systems Inc. will post $2.71 EPS for the current fiscal year.
Several research analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Verint Systems in a report on Thursday, June 8th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a report on Wednesday, June 14th. Imperial Capital restated an “in-line” rating and set a $47.00 target price (up from $45.00) on shares of Verint Systems in a report on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Verint Systems has an average rating of “Buy” and an average target price of $44.38.
In other news, CEO Dan Bodner sold 16,796 shares of the firm’s stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $39.19, for a total transaction of $658,235.24. Following the completion of the sale, the chief executive officer now directly owns 519,879 shares of the company’s stock, valued at approximately $20,374,058.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Peter Fante sold 2,190 shares of the firm’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $39.19, for a total value of $85,826.10. Following the sale, the insider now directly owns 20,987 shares of the company’s stock, valued at $822,480.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,979 shares of company stock valued at $1,232,094. Insiders own 1.20% of the company’s stock.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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