Systematic Financial Management LP Decreases Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Systematic Financial Management LP reduced its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 49.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,880 shares of the technology company’s stock after selling 12,743 shares during the quarter. Systematic Financial Management LP’s holdings in Verint Systems were worth $551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. grew its stake in Verint Systems by 10.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 880,666 shares of the technology company’s stock worth $37,675,000 after buying an additional 79,802 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Verint Systems by 43.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,986,106 shares of the technology company’s stock worth $84,965,000 after buying an additional 601,549 shares during the period. Tower Research Capital LLC TRC grew its stake in Verint Systems by 6,602.5% during the third quarter. Tower Research Capital LLC TRC now owns 5,429 shares of the technology company’s stock worth $233,000 after buying an additional 5,348 shares during the period. Carillon Tower Advisers Inc. grew its stake in Verint Systems by 10.7% during the third quarter. Carillon Tower Advisers Inc. now owns 69,100 shares of the technology company’s stock worth $2,956,000 after buying an additional 6,700 shares during the period. Finally, Synovus Financial Corp purchased a new stake in Verint Systems during the third quarter worth approximately $244,000. Institutional investors own 98.82% of the company’s stock.

A number of research firms have recently commented on VRNT. TheStreet cut shares of Verint Systems from a “b-” rating to a “c+” rating in a research report on Thursday, September 19th. Jefferies Financial Group reduced their target price 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. Needham & Company LLC began coverage on shares of Verint Systems in a research report on Tuesday, October 22nd. They set a “buy” rating and a $53.00 target price on the stock. ValuEngine cut shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Wedbush reissued a “buy” rating and set a $70.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Verint Systems presently has a consensus rating of “Buy” and an average target price of $64.63.

NASDAQ VRNT opened at $48.53 on Friday. The company’s fifty day simple moving average is $44.64 and its 200-day simple moving average is $52.38. The stock has a market cap of $3.21 billion, a P/E ratio of 20.92, a PEG ratio of 1.31 and a beta of 1.06. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. Verint Systems Inc. has a 52 week low of $39.96 and a 52 week high of $63.94.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $334.56 million. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. Verint Systems’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, research analysts expect that Verint Systems Inc. will post 2.62 EPS for the current fiscal year.

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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