Teacher Retirement System of Texas increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 13.8% during the second quarter, Holdings Channel reports. The fund owned 8,690 shares of the company’s stock after buying an additional 1,052 shares during the period. Teacher Retirement System of Texas’ holdings in Verint Systems were worth $288,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Strs Ohio boosted its stake in Verint Systems by 6.1% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock valued at $172,000 after buying an additional 300 shares during the period. Penserra Capital Management LLC boosted its stake in Verint Systems by 10.2% in the second quarter. Penserra Capital Management LLC now owns 5,181 shares of the company’s stock valued at $172,000 after buying an additional 479 shares during the period. Bayesian Capital Management LP acquired a new stake in Verint Systems during the first quarter valued at approximately $203,000. Quantbot Technologies LP acquired a new stake in Verint Systems during the second quarter valued at approximately $212,000. Finally, Princeton Alpha Management LP acquired a new stake in Verint Systems during the second quarter valued at approximately $442,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.
Verint Systems Inc. (NASDAQ:VRNT) opened at 35.50 on Friday. Verint Systems Inc. has a 1-year low of $29.76 and a 1-year high of $49.70. The stock has a 50 day moving average price of $36.56 and a 200 day moving average price of $34.77. The company’s market cap is $2.24 billion.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $264.20 million for the quarter. During the same period in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. On average, equities research analysts anticipate that Verint Systems Inc. will post $2.85 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Verint Systems in a research report on Tuesday, September 20th. Zacks Investment Research raised Verint Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $49.00 target price on shares of Verint Systems in a research report on Thursday, September 8th. Credit Suisse Group AG reissued a “sell” rating on shares of Verint Systems in a research report on Wednesday, June 29th. Finally, Deutsche Bank AG raised their target price on Verint Systems from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Verint Systems has a consensus rating of “Hold” and a consensus price target of $42.43.
In related news, Director Larry F. Myers sold 4,243 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.51, for a total transaction of $159,154.93. Following the transaction, the director now directly owns 8,778 shares of the company’s stock, valued at approximately $329,262.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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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