Nationwide Fund Advisors raised its position in Verint Systems Inc. (NASDAQ:VRNT) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,566 shares of the company’s stock after buying an additional 1,022 shares during the period. Nationwide Fund Advisors owned about 0.09% of Verint Systems worth $1,808,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of Verint Systems during the first quarter worth about $110,000. Strs Ohio raised its position in shares of Verint Systems by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $172,000 after buying an additional 300 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Verint Systems during the first quarter worth about $203,000. Quantbot Technologies LP acquired a new position in shares of Verint Systems during the second quarter worth about $212,000. Finally, Psagot Investment House Ltd. raised its position in shares of Verint Systems by 8.2% in the second quarter. Psagot Investment House Ltd. now owns 13,154 shares of the company’s stock worth $630,000 after buying an additional 992 shares during the period. Institutional investors own 93.83% of the company’s stock.
Shares of Verint Systems Inc. (NASDAQ:VRNT) traded up 0.68% during midday trading on Friday, hitting $35.50. The stock had a trading volume of 300,488 shares. Verint Systems Inc. has a 52 week low of $29.76 and a 52 week high of $49.70. The stock’s market capitalization is $2.24 billion. The stock has a 50 day moving average price of $36.56 and a 200-day moving average price of $34.77.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Verint Systems had a positive return on equity of 10.61% and a negative net margin of 0.38%. The firm earned $264.20 million during the quarter. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. Equities research analysts anticipate that Verint Systems Inc. will post $2.85 earnings per share for the current year.
A number of brokerages have issued reports on VRNT. Imperial Capital boosted their price target on Verint Systems from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Zacks Investment Research lowered Verint Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $49.00 price objective on shares of Verint Systems in a report on Thursday, September 8th. Deutsche Bank AG upped their price objective on Verint Systems from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, September 8th. Finally, Credit Suisse Group AG restated a “sell” rating on shares of Verint Systems in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.43.
In related news, Director Larry F. Myers sold 4,243 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $37.51, for a total transaction of $159,154.93. Following the completion of the sale, the director now directly owns 8,778 shares of the company’s stock, valued at approximately $329,262.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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