Algert Global LLC Reduces Position in Verint Systems Inc. (VRNT)

Algert Global LLC lessened its stake in Verint Systems Inc. (NASDAQ:VRNT) by 42.9% in the 3rd quarter, Holdings Channel reports. The firm owned 46,174 shares of the technology company’s stock after selling 34,655 shares during the period. Algert Global LLC’s holdings in Verint Systems were worth $2,313,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings in Verint Systems by 162.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,385 shares during the last quarter. Global X Management Co LLC acquired a new stake in Verint Systems in the 2nd quarter valued at approximately $166,000. Strs Ohio increased its holdings in Verint Systems by 60.0% in the 2nd quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock valued at $177,000 after purchasing an additional 1,500 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in Verint Systems in the 3rd quarter valued at approximately $202,000. Finally, Sun Life Financial INC acquired a new stake in Verint Systems in the 2nd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Shares of VRNT stock opened at $45.83 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.53. Verint Systems Inc. has a 52 week low of $37.10 and a 52 week high of $52.45. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.14. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The company had revenue of $307.99 million during the quarter, compared to analysts’ expectations of $305.38 million. During the same quarter last year, the company posted $0.66 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts forecast that Verint Systems Inc. will post 2.22 EPS for the current fiscal year.

In other Verint Systems news, Director Richard N. Nottenburg sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $48.75, for a total value of $243,750.00. Following the completion of the transaction, the director now owns 27,310 shares of the company’s stock, valued at approximately $1,331,362.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Nottenburg sold 2,427 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $48.40, for a total transaction of $117,466.80. Following the completion of the transaction, the director now directly owns 15,524 shares of the company’s stock, valued at approximately $751,361.60. The disclosure for this sale can be found here. Insiders sold a total of 107,501 shares of company stock valued at $5,239,269 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several research firms recently weighed in on VRNT. Wedbush reiterated a “buy” rating and issued a $58.00 target price on shares of Verint Systems in a report on Thursday. TheStreet upgraded shares of Verint Systems from a “c” rating to a “b-” rating in a report on Thursday, September 13th. BidaskClub downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. ValuEngine downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Oppenheimer lifted their target price on shares of Verint Systems from $49.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $54.92.

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Verint Systems Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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