Quantamental Technologies LLC Invests $100,000 in Verint Systems Inc. (NASDAQ:VRNT)

Quantamental Technologies LLC acquired a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,868 shares of the technology company’s stock, valued at approximately $100,000.

A number of other hedge funds also recently modified their holdings of the stock. Strs Ohio lifted its position in Verint Systems by 121.2% during the second quarter. Strs Ohio now owns 48,000 shares of the technology company’s stock valued at $2,581,000 after purchasing an additional 26,300 shares during the period. AGF Investments Inc. boosted its stake in shares of Verint Systems by 6.4% in the first quarter. AGF Investments Inc. now owns 9,846 shares of the technology company’s stock worth $589,000 after acquiring an additional 592 shares during the last quarter. Creative Planning increased its position in shares of Verint Systems by 5.3% during the second quarter. Creative Planning now owns 8,413 shares of the technology company’s stock worth $452,000 after purchasing an additional 420 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Verint Systems by 106.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,555 shares of the technology company’s stock valued at $2,289,000 after purchasing an additional 21,922 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its stake in Verint Systems by 19.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 345,500 shares of the technology company’s stock valued at $20,682,000 after purchasing an additional 55,100 shares during the last quarter. 98.86% 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 on Monday, July 15th. The stock was 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 $9,921,451.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Elan Moriah sold 1,885 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $56.56, for a total value of $106,615.60. Following the completion of the sale, the insider now owns 103,210 shares in the company, valued at $5,837,557.60. The disclosure for this sale can be found here. Insiders sold a total of 19,651 shares of company stock valued at $1,092,147 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on VRNT. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lowered their price target on shares of 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. Wedbush reaffirmed a “buy” rating and set a $70.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. ValuEngine downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Verint Systems has a consensus rating of “Buy” and an average price target of $67.67.

Verint Systems stock traded up $0.23 during midday trading on Wednesday, hitting $45.96. 21,158 shares of the stock were exchanged, compared to its average volume of 665,441. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock’s 50-day simple moving average is $53.84 and its 200 day simple moving average is $56.16. Verint Systems Inc. has a fifty-two week low of $39.96 and a fifty-two week high of $63.94. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.40 and a beta of 1.04.

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

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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