Lazard Asset Management LLC Buys New Stake in Verint Systems Inc. (NASDAQ:VRNT)

Lazard Asset Management LLC bought a new stake in shares of Verint Systems Inc. (NASDAQ:VRNTGet Rating) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,916 shares of the technology company’s stock, valued at approximately $81,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinebridge Investments L.P. lifted its position in Verint Systems by 357.0% during the second quarter. Pinebridge Investments L.P. now owns 914 shares of the technology company’s stock valued at $39,000 after acquiring an additional 714 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Verint Systems during the 2nd quarter valued at approximately $41,000. Freemont Management S.A. increased its stake in Verint Systems by 82.3% during the 1st quarter. Freemont Management S.A. now owns 3,595 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,623 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Verint Systems by 14.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock valued at $190,000 after purchasing an additional 438 shares in the last quarter. Finally, Bailard Inc. acquired a new position in Verint Systems during the 2nd quarter valued at approximately $220,000.

Verint Systems Stock Up 0.1 %

NASDAQ:VRNT opened at $38.75 on Thursday. The firm has a market capitalization of $2.53 billion, a P/E ratio of -168.48, a PEG ratio of 1.68 and a beta of 0.95. Verint Systems Inc. has a 1-year low of $31.63 and a 1-year high of $56.39. The company’s fifty day moving average price is $35.36 and its 200-day moving average price is $42.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.31 and a quick ratio of 1.30.

Verint Systems (NASDAQ:VRNTGet Rating) last released its quarterly earnings data on Wednesday, September 7th. The technology company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $223.63 million during the quarter, compared to analyst estimates of $225.98 million. Verint Systems had a return on equity of 12.80% and a net margin of 0.72%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. As a group, equities research analysts anticipate that Verint Systems Inc. will post 1.52 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Verint Systems

In related news, CEO Dan Bodner sold 81,740 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $38.13, for a total transaction of $3,116,746.20. Following the sale, the chief executive officer now directly owns 1,060,152 shares of the company’s stock, valued at $40,423,595.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Elan Moriah sold 23,045 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $38.13, for a total transaction of $878,705.85. Following the sale, the president now directly owns 119,876 shares of the company’s stock, valued at $4,570,871.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dan Bodner sold 81,740 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $38.13, for a total transaction of $3,116,746.20. Following the sale, the chief executive officer now directly owns 1,060,152 shares in the company, valued at $40,423,595.76. The disclosure for this sale can be found here. Insiders have sold 133,743 shares of company stock worth $5,099,621 over the last 90 days. 2.40% of the stock is currently owned by company 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.

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

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