We Are One Seven LLC Sells 1,974 Shares of Verint Systems Inc. (NASDAQ:VRNT)

We Are One Seven LLC lessened its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 16.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,020 shares of the technology company’s stock after selling 1,974 shares during the period. We Are One Seven LLC’s holdings in Verint Systems were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd grew its position in Verint Systems by 52.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock valued at $113,847,000 after acquiring an additional 651,314 shares during the last quarter. American Capital Management Inc. lifted its holdings in shares of Verint Systems by 0.3% in the 1st quarter. American Capital Management Inc. now owns 1,517,959 shares of the technology company’s stock worth $90,865,000 after buying an additional 5,220 shares during the period. Norges Bank purchased a new stake in shares of Verint Systems in the 4th quarter worth $34,750,000. SQN Investors LP purchased a new stake in shares of Verint Systems in the 1st quarter worth $45,784,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Verint Systems by 10.6% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 764,194 shares of the technology company’s stock worth $45,745,000 after buying an additional 73,500 shares during the period. 95.94% of the stock is currently owned by institutional investors.

Shares of VRNT stock traded up $0.32 during mid-day trading on Wednesday, hitting $58.41. The stock had a trading volume of 11,083 shares, compared to its average volume of 362,030. Verint Systems Inc. has a 12-month low of $39.96 and a 12-month high of $63.94. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.80 and a beta of 1.04. The stock has a 50-day moving average of $55.51. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 0.68.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The business had revenue of $324.16 million during the quarter, compared to analysts’ expectations of $317.97 million. Verint Systems had a return on equity of 13.60% and a net margin of 5.56%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Sell-side analysts predict that Verint Systems Inc. will post 2.69 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on VRNT shares. Oppenheimer lowered their target price on KemPharm from $8.00 to $3.00 and set an “outperform” rating for the company in a report on Thursday, May 23rd. Imperial Capital upped their target price on Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Jefferies Financial Group cut from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Zacks Investment Research cut ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a report on Saturday. Finally, BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Nine research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $67.00.

In related news, CFO Douglas Robinson sold 1,529 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $55.28, for a total transaction of $84,523.12. Following the completion of the sale, the chief financial officer now directly owns 183,891 shares in the company, valued at approximately $10,165,494.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elan Moriah sold 16,308 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $56.56, for a total value of $922,380.48. Following the sale, the insider now owns 103,210 shares of the company’s stock, valued at $5,837,557.60. The disclosure for this sale can be found here. Insiders have sold a total of 35,959 shares of company stock valued at $2,014,527 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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

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