Dupont Capital Management Corp Reduces Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Dupont Capital Management Corp reduced its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 8.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,383 shares of the technology company’s stock after selling 1,285 shares during the period. Dupont Capital Management Corp’s holdings in Verint Systems were worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of Verint Systems by 11.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,572,546 shares of the technology company’s stock worth $67,619,000 after buying an additional 158,529 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Verint Systems by 7.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,318,969 shares of the technology company’s stock worth $56,716,000 after acquiring an additional 93,810 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Verint Systems by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 1,113,433 shares of the technology company’s stock worth $47,877,000 after acquiring an additional 43,223 shares during the last quarter. Phoenix Holdings Ltd. lifted its holdings in shares of Verint Systems by 20.9% in the 1st quarter. Phoenix Holdings Ltd. now owns 851,935 shares of the technology company’s stock worth $35,752,000 after acquiring an additional 147,247 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Verint Systems in the 4th quarter worth about $43,808,000. 90.85% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Dan Bodner sold 1,024 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $42.98, for a total value of $44,011.52. Following the completion of the sale, the chief executive officer now owns 742,636 shares in the company, valued at approximately $31,918,495.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 1,576 shares of company stock valued at $67,733. Company insiders own 1.40% of the company’s stock.

Shares of VRNT opened at $44.89 on Friday. Verint Systems Inc. has a 1-year low of $32.44 and a 1-year high of $59.83. The company has a 50-day moving average of $43.79 and a 200 day moving average of $47.24. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 144.81, a PEG ratio of 1.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.64 and a quick ratio of 1.60.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Tuesday, June 9th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.16). Verint Systems had a net margin of 1.65% and a return on equity of 12.14%. The company had revenue of $287.00 million for the quarter, compared to the consensus estimate of $324.84 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, equities analysts anticipate that Verint Systems Inc. will post 2.02 earnings per share for the current fiscal year.

Several research firms have recently issued reports on VRNT. Needham & Company LLC restated a “buy” rating and issued a $53.00 target price on shares of Verint Systems in a report on Monday, June 8th. Oppenheimer restated a “buy” rating and issued a $64.00 target price on shares of Verint Systems in a report on Friday, May 8th. BidaskClub lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Imperial Capital lowered their target price on shares of Verint Systems from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. Finally, Zacks Investment Research lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $60.00.

Verint Systems Profile

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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