Verint Systems Inc. (NASDAQ:VRNT) Stock Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 27.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,320,231 shares of the technology company’s stock after selling 506,120 shares during the period. Victory Capital Management Inc.’s holdings in Verint Systems were worth $71,002,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its holdings in 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 worth $6,036,000 after buying an additional 413 shares during the last quarter. Creative Planning lifted its holdings in Verint Systems by 5.3% during the 2nd quarter. Creative Planning now owns 8,413 shares of the technology company’s stock worth $452,000 after buying an additional 420 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in Verint Systems by 7.0% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 8,639 shares of the technology company’s stock worth $465,000 after buying an additional 568 shares during the last quarter. AGF Investments Inc. lifted its holdings in Verint Systems by 6.4% during the 1st quarter. AGF Investments Inc. now owns 9,846 shares of the technology company’s stock worth $589,000 after buying an additional 592 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Verint Systems by 2.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 31,920 shares of the technology company’s stock worth $1,717,000 after buying an additional 790 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

In other news, CFO Douglas Robinson sold 3,096 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $55.19, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.



Shares of Verint Systems stock traded down $1.12 on Tuesday, reaching $43.50. 26,692 shares of the company were exchanged, compared to its average volume of 840,942. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.50. The company’s 50-day moving average is $50.94 and its two-hundred day moving average is $55.69. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.44 and a beta of 1.04. Verint Systems Inc. has a 1-year low of $39.96 and a 1-year high of $63.94.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $331.00 million for the quarter, compared to analysts’ expectations of $334.56 million. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. As a group, sell-side analysts forecast that Verint Systems Inc. will post 2.62 earnings per share for the current year.

VRNT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Verint Systems from a “hold” rating to a “sell” rating in a report on Friday, September 13th. TheStreet downgraded Verint Systems from a “b-” rating to a “c+” rating in a report on Thursday, September 19th. Imperial Capital increased their target price on Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Wedbush reaffirmed a “buy” rating and set a $70.00 target price on shares of Verint Systems in a report on Thursday, September 5th. Finally, BidaskClub cut Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Verint Systems has an average rating of “Hold” and a consensus target price of $67.67.

Verint Systems Company 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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