SG Americas Securities LLC reduced its position in shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 90.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,162 shares of the technology company's stock after selling 28,583 shares during the period. SG Americas Securities LLC's holdings in Verint Systems were worth $163,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Verint Systems in the fourth quarter valued at $4,274,000. Qube Research & Technologies Ltd purchased a new stake in Verint Systems in the fourth quarter valued at $1,610,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Verint Systems by 19.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,682 shares of the technology company's stock valued at $403,000 after acquiring an additional 1,244 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Verint Systems by 2.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 18,700 shares of the technology company's stock valued at $982,000 after acquiring an additional 398 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Verint Systems by 69.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,549 shares of the technology company's stock valued at $1,499,000 after acquiring an additional 11,681 shares during the last quarter.
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Shares of VRNT opened at $48.60 on Friday. Verint Systems Inc. has a twelve month low of $39.83 and a twelve month high of $56.39. The firm has a market capitalization of $3.14 billion, a P/E ratio of -441.78, a PEG ratio of 2.08 and a beta of 0.84. 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 firm's 50-day moving average is $44.56 and its two-hundred day moving average is $49.08.
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 (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Verint Systems had a net margin of 1.56% and a return on equity of 13.49%. The company had revenue of $219.25 million for the quarter, compared to the consensus estimate of $215.52 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that Verint Systems Inc. will post 1.49 earnings per share for the current fiscal year.Wall Street Analysts Forecast Growth
VRNT has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $61.00 price objective on shares of Verint Systems in a research note on Wednesday, June 8th. Evercore ISI dropped their price target on shares of Verint Systems to $65.00 in a research note on Thursday, June 9th. Finally, StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.80.
Insider Buying and Selling at Verint Systems
In related news, CEO Dan Bodner sold 6,482 shares of the company's stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $44.88, for a total transaction of $290,912.16. Following the transaction, 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 accessible through this link. In related news, CFO Douglas Robinson sold 1,636 shares of the company's stock in a transaction that occurred on Monday, June 13th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dan Bodner sold 6,482 shares of the company's stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $44.88, for a total transaction of $290,912.16. Following the transaction, the chief executive officer now directly owns 1,042,169 shares in the company, valued at approximately $46,772,544.72. The disclosure for this sale can be found here. Insiders have sold 27,701 shares of company stock valued at $1,198,489 over the last quarter. Corporate insiders own 2.40% of the company's stock.
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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