Russell Investments Group Ltd. grew its position in shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 214,445 shares of the technology company's stock after purchasing an additional 3,914 shares during the quarter. Russell Investments Group Ltd. owned 0.33% of Verint Systems worth $11,083,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. KRS Capital Management LLC acquired a new position in shares of Verint Systems in the 4th quarter worth $36,000. Alpha Paradigm Partners LLC acquired a new position in shares of Verint Systems in the 4th quarter worth $65,000. Strs Ohio acquired a new position in shares of Verint Systems in the 4th quarter worth $78,000. Pinebridge Investments L.P. acquired a new position in shares of Verint Systems in the 4th quarter worth $105,000. Finally, Gladius Capital Management LP acquired a new position in shares of Verint Systems in the 4th quarter worth $149,000.Get Verint Systems alerts:
Insiders Place Their Bets
In other Verint Systems news, CEO Dan Bodner sold 6,482 shares of the business's stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $44.88, for a total value of $290,912.16. Following the completion of the sale, the chief executive officer now owns 1,042,169 shares of the company's stock, valued at $46,772,544.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Verint Systems news, CEO Dan Bodner sold 6,482 shares of the firm's 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 $290,912.16. Following the sale, the chief executive officer now owns 1,042,169 shares of the company's stock, valued at approximately $46,772,544.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Egan sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $41.51, for a total value of $415,100.00. Following the transaction, the director now owns 36,407 shares of the company's stock, valued at $1,511,254.57. The disclosure for this sale can be found here. Insiders sold 27,701 shares of company stock valued at $1,198,489 over the last quarter. Insiders own 2.40% of the company's stock.
Verint Systems Price PerformanceVRNT opened at $46.58 on Friday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -423.42, a PEG ratio of 2.08 and a beta of 0.84. Verint Systems Inc. has a 1 year low of $39.83 and a 1 year high of $56.39. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $44.89 and a 200 day moving average price of $49.24.
Verint Systems (NASDAQ:VRNT – Get Rating) last announced its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Verint Systems had a return on equity of 13.49% and a net margin of 1.56%. The company had revenue of $219.25 million during the quarter, compared to analysts' expectations of $215.52 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Verint Systems Inc. will post 1.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on VRNT. Evercore ISI decreased their target price on Verint Systems to $65.00 in a report on Thursday, June 9th. 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 research report on Tuesday, April 12th. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, July 6th. TheStreet cut Verint Systems from a "b-" rating to a "c" rating in a research report on Tuesday, April 12th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $61.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and an average target price of $63.80.
Verint Systems Company Profile
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.
- Get a free copy of the StockNews.com research report on Verint Systems (VRNT)
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