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

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

A number of other institutional investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its position in shares of Verint Systems by 266.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,180 shares of the technology company’s stock worth $436,000 after acquiring an additional 5,945 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Verint Systems by 20.5% in the second quarter. Dupont Capital Management Corp now owns 17,348 shares of the technology company’s stock worth $933,000 after acquiring an additional 2,957 shares in the last quarter. AGF Investments Inc. increased its position in shares of Verint Systems by 6.2% in the second quarter. AGF Investments Inc. now owns 10,457 shares of the technology company’s stock worth $562,000 after acquiring an additional 611 shares in the last quarter. First Trust Advisors LP increased its position in shares of Verint Systems by 35.4% in the second quarter. First Trust Advisors LP now owns 80,745 shares of the technology company’s stock worth $4,342,000 after acquiring an additional 21,105 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Verint Systems by 23.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,455 shares of the technology company’s stock worth $401,000 after acquiring an additional 1,400 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VRNT stock traded up $0.43 during trading on Thursday, hitting $53.60. 2,990 shares of the company were exchanged, compared to its average volume of 463,937. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.45. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.03. The business’s 50-day moving average is $55.55. Verint Systems Inc. has a twelve month low of $39.96 and a twelve month high of $63.94.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $324.16 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. On average, equities analysts predict that Verint Systems Inc. will post 2.69 earnings per share for the current year.

Several research firms have recently weighed in on VRNT. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised 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 report on Saturday, July 27th. ValuEngine downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Oppenheimer lifted 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. Finally, Imperial Capital raised their price target on shares of Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Verint Systems presently has an average rating of “Buy” and a consensus price target of $67.00.

In other Verint Systems news, CFO Douglas Robinson sold 3,096 shares of Verint Systems stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $55.19, for a total value of $170,868.24. Following the completion of the sale, the chief financial officer now directly owns 179,769 shares in the company, valued at $9,921,451.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elan Moriah sold 1,825 shares of Verint Systems stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $55.28, for a total transaction of $100,886.00. Following the completion of the sale, the insider now owns 92,905 shares of the company’s stock, valued at $5,135,788.40. The disclosure for this sale can be found here. Insiders sold 35,959 shares of company stock valued at $2,014,527 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

About Verint Systems

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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