Bank of Nova Scotia Sells 2,312 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Bank of Nova Scotia trimmed its position in shares of Verint Systems Inc. (NASDAQ:VRNTGet Rating) by 13.8% in the second quarter, Holdings Channel reports. The fund owned 14,386 shares of the technology company’s stock after selling 2,312 shares during the quarter. Bank of Nova Scotia’s holdings in Verint Systems were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Menora Mivtachim Holdings LTD. grew its stake in Verint Systems by 21.2% during the second quarter. Menora Mivtachim Holdings LTD. now owns 1,369,802 shares of the technology company’s stock worth $58,011,000 after buying an additional 240,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Verint Systems in the 2nd quarter valued at $246,000. Keybank National Association OH grew its position in shares of Verint Systems by 12.1% in the 2nd quarter. Keybank National Association OH now owns 15,899 shares of the technology company’s stock valued at $673,000 after acquiring an additional 1,718 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Verint Systems by 357.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 914 shares of the technology company’s stock worth $39,000 after buying an additional 714 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in Verint Systems in the 2nd quarter worth about $16,514,000.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $38.75 on Monday. The stock has a market cap of $2.53 billion, a P/E ratio of -168.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The firm’s fifty day simple moving average is $35.41 and its 200 day simple moving average is $42.77. Verint Systems Inc. has a twelve month low of $31.63 and a twelve month high of $56.39. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNTGet Rating) last announced its earnings results on Wednesday, September 7th. The technology company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Verint Systems had a net margin of 0.72% and a return on equity of 12.80%. The business had revenue of $223.63 million for the quarter, compared to the consensus estimate of $225.98 million. During the same quarter last year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts predict that Verint Systems Inc. will post 1.52 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Verint Systems in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Wedbush reduced their price target on shares of Verint Systems from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Finally, Royal Bank of Canada cut their price objective on shares of Verint Systems from $61.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.40.

Insider Transactions at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 81,740 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $38.13, for a total value of $3,116,746.20. Following the completion of the transaction, the chief executive officer now owns 1,060,152 shares of the company’s stock, valued at approximately $40,423,595.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Verint Systems news, CFO Douglas Robinson sold 14,360 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $38.13, for a total value of $547,546.80. Following the completion of the transaction, the chief financial officer now directly owns 233,816 shares in the company, valued at approximately $8,915,404.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dan Bodner sold 81,740 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $38.13, for a total value of $3,116,746.20. Following the completion of the transaction, the chief executive officer now owns 1,060,152 shares of the company’s stock, valued at $40,423,595.76. The disclosure for this sale can be found here. Insiders sold a total of 133,743 shares of company stock valued at $5,099,621 in the last quarter. 2.40% of the stock is owned by insiders.

Verint Systems Company Profile

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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.

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

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