Shell Asset Management Co. lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 12.9% during the first quarter, Holdings Channel.com reports. The firm owned 9,527 shares of the technology company's stock after selling 1,413 shares during the period. Shell Asset Management Co.'s holdings in Verint Systems were worth $493,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRNT. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Verint Systems by 52,202.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,223,878 shares of the technology company's stock valued at $64,266,000 after acquiring an additional 1,221,538 shares during the period. JPMorgan Chase & Co. boosted its holdings in Verint Systems by 700.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,012,388 shares of the technology company's stock valued at $53,160,000 after acquiring an additional 885,982 shares during the period. Washington Harbour Partners LP purchased a new position in Verint Systems during the 4th quarter valued at about $16,845,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Verint Systems by 4.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 5,215,751 shares of the technology company's stock valued at $273,879,000 after acquiring an additional 233,000 shares during the period. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new position in Verint Systems during the 4th quarter valued at about $12,021,000.
Get Verint Systems alerts:Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. The Goldman Sachs Group cut Verint Systems from a "buy" rating to a "neutral" rating and set a $57.00 target price for the company. in a report on Tuesday, April 12th. Evercore ISI decreased their price objective on Verint Systems to $65.00 in a research note on Thursday, June 9th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a research note on Wednesday, July 6th. TheStreet cut Verint Systems from a "b-" rating to a "c" rating in a research note on Tuesday, April 12th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $61.00 price objective on shares of Verint Systems in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Verint Systems has a consensus rating of "Moderate Buy" and a consensus price target of $63.80.
Verint Systems Price Performance
Shares of NASDAQ VRNT opened at $46.48 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.22. Verint Systems Inc. has a fifty-two week low of $39.83 and a fifty-two week high of $56.39. The firm has a market capitalization of $3.01 billion, a PE ratio of -422.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.84. The stock's 50-day simple moving average is $45.07 and its 200-day simple moving average is $49.34.Verint Systems (NASDAQ:VRNT – Get Rating) last issued its earnings results on Tuesday, June 7th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Verint Systems had a return on equity of 13.49% and a net margin of 1.56%. The business had revenue of $219.25 million for the quarter, compared to analyst estimates of $215.52 million. During the same quarter last year, the company earned $0.23 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Verint Systems Inc. will post 1.49 EPS for the current fiscal year.
Insider Transactions at Verint Systems
In other Verint Systems news, CFO Douglas Robinson sold 1,636 shares of Verint Systems stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $44.88, for a total transaction of $73,423.68. Following the transaction, the chief financial officer now owns 233,457 shares of the company's stock, valued at $10,477,550.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Verint Systems news, insider Peter Fante sold 957 shares of Verint Systems stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $43.21, for a total transaction of $41,351.97. Following the transaction, the insider now owns 52,706 shares of the company's stock, valued at $2,277,426.26. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Douglas Robinson sold 1,636 shares of Verint Systems stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $44.88, for a total value of $73,423.68. Following the transaction, the chief financial officer now directly owns 233,457 shares in the company, valued at approximately $10,477,550.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,701 shares of company stock valued at $1,198,489. Corporate insiders own 2.40% of the company's stock.
Verint Systems Company 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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