Aubrey Capital Management Ltd decreased its position in shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 16.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,913 shares of the technology company's stock after selling 1,200 shares during the period. Aubrey Capital Management Ltd's holdings in Verint Systems were worth $306,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in Verint Systems by 1.9% in the 1st quarter. Russell Investments Group Ltd. now owns 214,445 shares of the technology company's stock valued at $11,083,000 after buying an additional 3,914 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Verint Systems by 9.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,218 shares of the technology company's stock worth $1,614,000 after purchasing an additional 2,669 shares during the period. Versor Investments LP lifted its stake in shares of Verint Systems by 14.2% during the 1st quarter. Versor Investments LP now owns 7,231 shares of the technology company's stock worth $374,000 after purchasing an additional 900 shares during the period. abrdn plc lifted its stake in shares of Verint Systems by 2.0% during the 1st quarter. abrdn plc now owns 1,207,188 shares of the technology company's stock worth $62,411,000 after purchasing an additional 23,532 shares during the period. Finally, Arizona State Retirement System increased its holdings in shares of Verint Systems by 1.1% during the 1st quarter. Arizona State Retirement System now owns 17,682 shares of the technology company's stock worth $914,000 after buying an additional 188 shares during the last quarter.
Get Verint Systems alerts:Verint Systems Stock Up 0.0 %
NASDAQ VRNT traded up $0.01 during trading hours on Thursday, hitting $44.82. The company had a trading volume of 1,029 shares, compared to its average volume of 503,862. Verint Systems Inc. has a fifty-two week low of $39.83 and a fifty-two week high of $56.39. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -407.51, a P/E/G ratio of 1.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.20. The firm's 50 day moving average is $45.63 and its 200 day moving average is $49.63.
Verint Systems (NASDAQ:VRNT – Get Rating) last announced its earnings results on Tuesday, June 7th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $219.25 million during the quarter, compared to the consensus estimate of $215.52 million. Verint Systems had a return on equity of 13.49% and a net margin of 1.56%. The company's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. Sell-side analysts anticipate that Verint Systems Inc. will post 1.49 earnings per share for the current fiscal year.Insider Activity
In other news, CFO Douglas Robinson sold 1,636 shares of the firm's stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $44.88, for a total transaction of $73,423.68. Following the completion of the sale, the chief financial officer now directly owns 233,457 shares in the company, valued at $10,477,550.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Douglas Robinson sold 1,636 shares of the firm's stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $44.88, for a total transaction of $73,423.68. Following the completion of the sale, the chief financial officer now directly owns 233,457 shares in the company, valued at $10,477,550.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Fante sold 957 shares of the firm's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $43.21, for a total value of $41,351.97. Following the sale, the insider now owns 52,706 shares of the company's stock, valued at $2,277,426.26. The disclosure for this sale can be found here. Insiders sold 27,701 shares of company stock worth $1,198,489 over the last ninety days. Corporate insiders own 2.40% of the company's stock.
Wall Street Analyst Weigh In
VRNT has been the subject of a number of research analyst reports. The Goldman Sachs Group downgraded Verint Systems from a "buy" rating to a "neutral" rating and set a $57.00 price objective for the company. in a report on Tuesday, April 12th. Evercore ISI dropped their price objective on Verint Systems to $65.00 in a report on Thursday, June 9th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a report on Wednesday, July 6th. TheStreet downgraded Verint Systems from a "b-" rating to a "c" rating in a report on Tuesday, April 12th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $61.00 price target on shares of Verint Systems in a report on Wednesday, June 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Verint Systems currently has an average rating of "Moderate Buy" and an average price target of $63.80.
Verint Systems Profile
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Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.
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