Victory Capital Management Inc. grew its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,010,944 shares of the technology company’s stock after purchasing an additional 745,179 shares during the quarter. Victory Capital Management Inc.’s holdings in Verint Systems were worth $85,083,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc increased its position in shares of Verint Systems by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 5,741,561 shares of the technology company’s stock valued at $287,652,000 after purchasing an additional 101,210 shares during the last quarter. Vanguard Group Inc. increased its holdings in Verint Systems by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,741,561 shares of the technology company’s stock worth $287,652,000 after acquiring an additional 101,210 shares during the last quarter. Credit Suisse AG increased its holdings in Verint Systems by 4.3% in the 3rd quarter. Credit Suisse AG now owns 2,114,781 shares of the technology company’s stock worth $105,951,000 after acquiring an additional 86,651 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Verint Systems by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,081,912 shares of the technology company’s stock worth $88,086,000 after acquiring an additional 7,347 shares during the last quarter. Finally, American Capital Management Inc. increased its holdings in Verint Systems by 1.3% in the 3rd quarter. American Capital Management Inc. now owns 1,479,164 shares of the technology company’s stock worth $74,106,000 after acquiring an additional 19,555 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.
In other Verint Systems news, Director Richard N. Nottenburg sold 5,675 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $46.13, for a total value of $261,787.75. Following the completion of the transaction, the director now owns 9,849 shares in the company, valued at approximately $454,334.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas Robinson sold 1,432 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $44.82, for a total value of $64,182.24. Following the completion of the transaction, the chief financial officer now owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
Verint Systems (NASDAQ:VRNT) last issued its earnings results on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. Verint Systems had a return on equity of 12.47% and a net margin of 4.58%. The business had revenue of $307.99 million during the quarter, compared to the consensus estimate of $305.38 million. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Verint Systems Inc. will post 2.26 EPS for the current year.
VRNT has been the subject of several recent research reports. ValuEngine raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. TheStreet lowered Verint Systems from a “b-” rating to a “c+” rating in a report on Thursday, January 3rd. BidaskClub raised Verint Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Wedbush reissued a “buy” rating and issued a $58.00 price objective on shares of Verint Systems in a report on Thursday, December 6th. Finally, Jefferies Financial Group initiated coverage on Verint Systems in a report on Thursday, January 10th. They issued a “buy” rating and a $53.00 price objective for the company. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $56.00.
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Verint Systems Company 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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