Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,743,915 shares of the technology company’s stock after selling 399,312 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Verint Systems worth $94,833,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. increased its position in Verint Systems by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock worth $4,008,000 after purchasing an additional 478 shares during the period. Quarry LP boosted its stake in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after buying an additional 489 shares in the last quarter. Innealta Capital LLC acquired a new position in Verint Systems during the second quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Verint Systems by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock worth $405,000 after acquiring an additional 1,272 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Verint Systems by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 1,295 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Performance

NASDAQ VRNT opened at $25.70 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The business has a fifty day moving average of $24.06 and a 200-day moving average of $29.62.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. Verint Systems’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

VRNT has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research note on Wednesday, September 25th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a report on Thursday, September 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and an average target price of $34.67.

Insider Buying and Selling at Verint Systems

In other news, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now owns 131,267 shares in the company, valued at $3,393,251.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now directly owns 131,267 shares in the company, valued at approximately $3,393,251.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,811 shares of company stock worth $874,014. Insiders own 1.70% of the company’s stock.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.