US Bancorp DE Lowers Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

US Bancorp DE lowered its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,439 shares of the technology company’s stock after selling 3,811 shares during the quarter. US Bancorp DE owned about 0.06% of Verint Systems worth $2,283,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VRNT. Redhawk Wealth Advisors Inc. purchased a new position in Verint Systems during the second quarter valued at $58,000. Northwestern Mutual Wealth Management Co. lifted its position in Verint Systems by 17,200.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock valued at $62,000 after buying an additional 1,032 shares during the period. Quantamental Technologies LLC purchased a new position in Verint Systems during the second quarter valued at $100,000. C M Bidwell & Associates Ltd. purchased a new position in Verint Systems during the second quarter valued at $125,000. Finally, Pearl River Capital LLC purchased a new position in Verint Systems during the second quarter valued at $126,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Shares of VRNT traded down $0.76 during trading hours on Friday, hitting $45.08. The company had a trading volume of 479,742 shares, compared to its average volume of 813,066. The firm has a fifty day moving average price of $51.63 and a 200-day moving average price of $55.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.50. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.45 and a beta of 1.04. Verint Systems Inc. has a 52-week low of $39.96 and a 52-week high of $63.94.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $334.56 million. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. Verint Systems’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. Research analysts anticipate that Verint Systems Inc. will post 2.62 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. Imperial Capital raised their price objective on Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. TheStreet lowered Verint Systems from a “b-” rating to a “c+” rating in a research report on Thursday. Zacks Investment Research lowered Verint Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 13th. BidaskClub lowered Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, ValuEngine lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.67.

In other news, CFO Douglas Robinson sold 3,096 shares of Verint Systems stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $55.19, for a total value of $170,868.24. Following the completion of the transaction, the chief financial officer now owns 179,769 shares of the company’s stock, valued at approximately $9,921,451.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by 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.

Further Reading: Return on Investment (ROI)

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

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