California Public Employees Retirement System decreased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,800 shares of the company’s stock after selling 3,700 shares during the period. California Public Employees Retirement System owned 0.20% of Verint Systems worth $4,201,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of VRNT. Norges Bank acquired a new position in shares of Verint Systems during the fourth quarter valued at about $12,743,000. CrestPoint Capital Management LLC acquired a new position in shares of Verint Systems during the first quarter valued at about $621,000. Apex Capital Management raised its position in shares of Verint Systems by 9.3% in the first quarter. Apex Capital Management now owns 906,856 shares of the company’s stock valued at $30,271,000 after buying an additional 77,321 shares during the last quarter. Virginia Retirement System acquired a new position in shares of Verint Systems during the first quarter valued at about $1,035,000. Finally, Pacad Investment Ltd. acquired a new position in shares of Verint Systems during the first quarter valued at about $554,000. 95.25% of the stock is currently owned by institutional investors.
Verint Systems Inc. (NASDAQ:VRNT) traded up 1.03% during trading on Tuesday, reaching $37.14. 687,813 shares of the company’s stock traded hands. Verint Systems Inc. has a 12-month low of $29.76 and a 12-month high of $49.70. The company has a 50 day moving average price of $35.66 and a 200-day moving average price of $34.58. The company’s market cap is $2.34 billion.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Verint Systems had a negative net margin of 0.38% and a positive return on equity of 10.61%. The firm had revenue of $264.20 million for the quarter. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Verint Systems Inc. will post $2.85 EPS for the current fiscal year.
Several equities analysts recently issued reports on VRNT shares. Credit Suisse Group AG reissued a “sell” rating and set a $29.00 price objective on shares of Verint Systems in a report on Wednesday, May 25th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a report on Wednesday, June 8th. Zacks Investment Research lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Imperial Capital reissued an “outperform” rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Verint Systems from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Verint Systems presently has an average rating of “Hold” and a consensus price target of $42.43.
In other news, Director Larry F. Myers sold 4,243 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $37.51, for a total value of $159,154.93. Following the transaction, the director now directly owns 8,778 shares in the company, valued at approximately $329,262.78. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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