Signet Financial Management LLC decreased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,772 shares of the technology company’s stock after selling 8,019 shares during the period. Signet Financial Management LLC’s holdings in Verint Systems were worth $3,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Verint Systems by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 751,930 shares of the technology company’s stock worth $31,814,000 after acquiring an additional 65,344 shares during the last quarter. Rhumbline Advisers lifted its stake in Verint Systems by 0.4% in the first quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock valued at $5,754,000 after purchasing an additional 342 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Verint Systems by 0.4% during the 1st quarter. California Public Employees Retirement System now owns 100,843 shares of the technology company’s stock valued at $6,036,000 after buying an additional 413 shares during the last quarter. Cetera Advisors LLC boosted its position in Verint Systems by 16.8% during the first quarter. Cetera Advisors LLC now owns 6,497 shares of the technology company’s stock worth $388,000 after purchasing an additional 933 shares during the period. Finally, Moors & Cabot Inc. bought a new position in Verint Systems in the 1st quarter worth approximately $372,000. Institutional investors own 98.86% of the company’s stock.

A number of brokerages recently issued reports on VRNT. Jefferies Financial Group lowered their price objective on Verint Systems from $72.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Oppenheimer raised their target price on shares of Verint Systems from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. ValuEngine lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Wedbush reissued a “buy” rating and set a $70.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $67.67.

In related news, CFO Douglas Robinson sold 3,096 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $55.19, for a total value of $170,868.24. Following the sale, the chief financial officer now directly owns 179,769 shares in the company, valued at approximately $9,921,451.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dan Bodner sold 6,240 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $55.28, for a total transaction of $344,947.20. Following the completion of the transaction, the chief executive officer now directly owns 747,953 shares in the company, valued at approximately $41,346,841.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,651 shares of company stock worth $1,092,147. Company insiders own 1.40% of the company’s stock.

Shares of Verint Systems stock traded up $0.84 on Wednesday, reaching $46.57. The company had a trading volume of 384,052 shares, compared to its average volume of 665,441. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.46. The firm’s 50-day moving average price is $53.84 and its two-hundred day moving average price is $56.16. Verint Systems Inc. has a 1 year low of $39.96 and a 1 year high of $63.94.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. The company had revenue of $331.00 million for the quarter, compared to analyst estimates of $334.56 million. During the same quarter in the prior year, the firm posted $0.76 EPS. Verint Systems’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Verint Systems Inc. will post 2.68 EPS for the current year.

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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