Verint Systems Inc. (NASDAQ:VRNT) Stock Position Raised by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 15.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,134 shares of the technology company’s stock after purchasing an additional 13,817 shares during the period. Rhumbline Advisers owned 0.17% of Verint Systems worth $3,418,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in shares of Verint Systems during the 1st quarter valued at $30,000. PNC Financial Services Group Inc. grew its stake in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. Innealta Capital LLC acquired a new position in Verint Systems in the 2nd quarter worth about $36,000. FinTrust Capital Advisors LLC raised its stake in shares of Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after purchasing an additional 754 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Verint Systems during the 1st quarter valued at about $42,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of Verint Systems stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the sale, the chief executive officer now directly owns 609,764 shares in the company, valued at approximately $20,585,632.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the transaction, the chief executive officer now directly owns 609,764 shares in the company, valued at $20,585,632.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 408,811 shares of company stock valued at $13,534,014. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. TD Cowen decreased their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Evercore ISI decreased their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, September 5th. Jefferies Financial Group lowered their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.00.

Verint Systems Price Performance

Shares of VRNT opened at $26.46 on Wednesday. The stock has a market cap of $1.63 billion, a P/E ratio of 55.13, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $38.17. The stock’s 50-day moving average price is $31.75 and its two-hundred day moving average price is $31.73. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Verint Systems Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.