Verint Systems Inc. (VRNT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,016,810 shares of the technology company’s stock after selling 96,415 shares during the period. Victory Capital Management Inc.’s holdings in Verint Systems were worth $42,553,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in Verint Systems by 5.8% during the 2nd quarter. Principal Financial Group Inc. now owns 7,923 shares of the technology company’s stock valued at $322,000 after buying an additional 431 shares during the period. Great West Life Assurance Co. Can increased its stake in Verint Systems by 27.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,070 shares of the technology company’s stock valued at $298,000 after buying an additional 1,504 shares during the period. Asset Management One Co. Ltd. increased its stake in Verint Systems by 38.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 5,870 shares of the technology company’s stock valued at $246,000 after buying an additional 1,620 shares during the period. Golden Gate Private Equity Inc. increased its stake in Verint Systems by 2.0% during the 3rd quarter. Golden Gate Private Equity Inc. now owns 88,100 shares of the technology company’s stock valued at $3,687,000 after buying an additional 1,700 shares during the period. Finally, SG Americas Securities LLC increased its stake in Verint Systems by 11.5% during the 4th quarter. SG Americas Securities LLC now owns 18,567 shares of the technology company’s stock valued at $777,000 after buying an additional 1,918 shares during the period. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

VRNT has been the subject of several research reports. BidaskClub lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Oppenheimer restated a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a research report on Thursday, December 7th. Finally, Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Saturday, December 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $47.50.

Verint Systems Inc. (NASDAQ VRNT) opened at $38.95 on Thursday. Verint Systems Inc. has a 12-month low of $35.90 and a 12-month high of $44.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67. The firm has a market cap of $2,490.00, a PE ratio of -155.80, a PEG ratio of 1.82 and a beta of 1.11.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The company had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts expect that Verint Systems Inc. will post 1.82 earnings per share for the current year.

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Verint Systems Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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

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