Shell Asset Management Co. Decreases Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Shell Asset Management Co. decreased its holdings in Verint Systems Inc. (NASDAQ:VRNTGet Rating) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,527 shares of the technology company’s stock after selling 1,413 shares during the period. Shell Asset Management Co.’s holdings in Verint Systems were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Versor Investments LP increased its stake in Verint Systems by 14.2% in the first quarter. Versor Investments LP now owns 7,231 shares of the technology company’s stock worth $374,000 after purchasing an additional 900 shares during the period. abrdn plc increased its stake in Verint Systems by 2.0% in the first quarter. abrdn plc now owns 1,207,188 shares of the technology company’s stock worth $62,411,000 after purchasing an additional 23,532 shares during the period. Arizona State Retirement System increased its stake in Verint Systems by 1.1% in the first quarter. Arizona State Retirement System now owns 17,682 shares of the technology company’s stock worth $914,000 after purchasing an additional 188 shares during the period. Seizert Capital Partners LLC purchased a new stake in Verint Systems in the first quarter worth $1,648,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Verint Systems by 0.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 264,424 shares of the technology company’s stock worth $13,671,000 after buying an additional 1,460 shares in the last quarter.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $46.48 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market cap of $3.01 billion, a PE ratio of -422.51, a P/E/G ratio of 2.02 and a beta of 0.84. The business has a 50-day simple moving average of $45.07 and a two-hundred day simple moving average of $49.34. Verint Systems Inc. has a fifty-two week low of $39.83 and a fifty-two week high of $56.39.

Verint Systems (NASDAQ:VRNTGet Rating) last issued its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $219.25 million during the quarter, compared to the consensus estimate of $215.52 million. Verint Systems had a return on equity of 13.49% and a net margin of 1.56%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. As a group, equities analysts expect that Verint Systems Inc. will post 1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VRNT shares. TheStreet downgraded Verint Systems from a “b-” rating to a “c” rating in a research report on Tuesday, April 12th. The Goldman Sachs Group downgraded Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Tuesday, April 12th. Needham & Company LLC reissued a “buy” rating and set a $61.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Finally, Evercore ISI dropped their price objective on Verint Systems to $65.00 in a research report on Thursday, June 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $63.80.

Insiders Place Their Bets

In other news, CEO Dan Bodner sold 6,482 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $44.88, for a total value of $290,912.16. Following the completion of the transaction, the chief executive officer now directly owns 1,042,169 shares in the company, valued at $46,772,544.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Dan Bodner sold 6,482 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $44.88, for a total value of $290,912.16. Following the completion of the transaction, the chief executive officer now directly owns 1,042,169 shares in the company, valued at $46,772,544.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas Robinson sold 1,636 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $44.88, for a total value of $73,423.68. Following the completion of the transaction, the chief financial officer now owns 233,457 shares of the company’s stock, valued at $10,477,550.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,701 shares of company stock valued at $1,198,489. 2.40% of the stock is currently owned by corporate insiders.

Verint Systems Profile

(Get Rating)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.

See Also

Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

Want More Great Investing Ideas?

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.