Migdal Insurance & Financial Holdings Ltd. decreased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 5.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 453,944 shares of the technology company’s stock after selling 23,818 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.71% of Verint Systems worth $18,998,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after buying an additional 263 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Verint Systems during the second quarter worth approximately $179,000. Crow Point Partners LLC purchased a new position in Verint Systems during the second quarter worth approximately $187,000. Strs Ohio increased its stake in Verint Systems by 9.5% during the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock worth $187,000 after acquiring an additional 400 shares during the last quarter. Finally, Atria Investments LLC increased its stake in Verint Systems by 1.3% during the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock worth $200,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 93.37% of the company’s stock.
Several research firms have issued reports on VRNT. Zacks Investment Research cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research note on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 target price on shares of Verint Systems in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG raised their target price on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.43.
Shares of Verint Systems Inc. (VRNT) traded up $0.05 during midday trading on Friday, hitting $41.60. The stock had a trading volume of 79,118 shares, compared to its average volume of 321,393. Verint Systems Inc. has a twelve month low of $33.40 and a twelve month high of $44.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.63 and a quick ratio of 1.59. The firm has a market capitalization of $2,660.00, a PE ratio of 26.06, a PEG ratio of 2.32 and a beta of 1.25.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The business had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $270.14 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. analysts expect that Verint Systems Inc. will post 1.81 EPS 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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