Executive Wealth Management LLC Purchases Shares of 17,101 Verint Systems Inc. (NASDAQ:VRNT)

Executive Wealth Management LLC purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,101 shares of the technology company’s stock, valued at approximately $920,000.

Other institutional investors have also made changes to their positions in the company. Investors Research Corp acquired a new stake in shares of Verint Systems in the 1st quarter valued at $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Verint Systems by 17,200.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,032 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Verint Systems by 179.5% in the 1st quarter. Quadrant Capital Group LLC now owns 1,311 shares of the technology company’s stock valued at $78,000 after purchasing an additional 842 shares in the last quarter. Insight 2811 Inc. acquired a new stake in shares of Verint Systems in the 1st quarter valued at $237,000. Finally, Bowling Portfolio Management LLC acquired a new stake in shares of Verint Systems in the 2nd quarter valued at $302,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ VRNT traded up $0.43 on Thursday, hitting $53.60. 2,990 shares of the company were exchanged, compared to its average volume of 463,937. The firm’s 50 day simple moving average is $55.55. The company has a market cap of $3.52 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.68 and a beta of 1.03. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 0.68. Verint Systems Inc. has a 1-year low of $39.96 and a 1-year high of $63.94.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The business had revenue of $324.16 million for the quarter, compared to the consensus estimate of $317.97 million. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, analysts expect that Verint Systems Inc. will post 2.69 EPS for the current fiscal year.

In other Verint Systems news, insider Elan Moriah sold 1,885 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $56.56, for a total transaction of $106,615.60. Following the transaction, the insider now directly owns 103,210 shares in the company, valued at approximately $5,837,557.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 3,096 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $55.19, for a total transaction of $170,868.24. Following the transaction, the chief financial officer now owns 179,769 shares in the company, valued at $9,921,451.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,959 shares of company stock worth $2,014,527. Corporate insiders own 1.40% of the company’s stock.

Several brokerages have recently commented on VRNT. BidaskClub upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Saturday, July 27th. Imperial Capital boosted their target price on shares of Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. ValuEngine downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Oppenheimer boosted their target price on shares of Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Verint Systems presently has a consensus rating of “Buy” and a consensus target price of $67.00.

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.

Read More: Sell-Side Analysts

Want to see what other hedge funds are holding VRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verint Systems Inc. (NASDAQ:VRNT).

Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.