Sciencast Management LP Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Sciencast Management LP purchased a new position in Verint Systems Inc. (NASDAQ:VRNT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,852 shares of the technology company’s stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRNT. Norges Bank purchased a new position in Verint Systems in the 4th quarter worth approximately $23,448,000. Victory Capital Management Inc. boosted its stake in shares of Verint Systems by 15.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after buying an additional 604,112 shares during the last quarter. BlackRock Inc. lifted its stake in Verint Systems by 5.4% during the first quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock worth $196,882,000 after purchasing an additional 270,971 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Verint Systems by 34.8% during the second quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock worth $39,668,000 after purchasing an additional 242,014 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Verint Systems by 34.8% during the first quarter. William Blair Investment Management LLC now owns 932,956 shares of the technology company’s stock worth $34,743,000 after purchasing an additional 240,706 shares during the last quarter.

Verint Systems Stock Up 0.2 %

Shares of VRNT opened at $24.27 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.27. Verint Systems Inc. has a one year low of $23.51 and a one year high of $40.71. The stock’s fifty day moving average is $33.50 and its 200-day moving average is $35.16.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.09). The business had revenue of $210.20 million for the quarter, compared to analyst estimates of $225.10 million. Verint Systems had a net margin of 1.61% and a return on equity of 15.48%. Verint Systems’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. Analysts forecast that Verint Systems Inc. will post 1.75 EPS for the current year.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 1,682 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $24.94, for a total transaction of $41,949.08. Following the completion of the transaction, the insider now owns 55,239 shares of the company’s stock, valued at $1,377,660.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Peter Fante sold 1,682 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $24.94, for a total value of $41,949.08. Following the completion of the sale, the insider now owns 55,239 shares in the company, valued at approximately $1,377,660.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 29,230 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $38.33, for a total transaction of $1,120,385.90. Following the sale, the chief executive officer now directly owns 1,041,474 shares in the company, valued at $39,919,698.42. The disclosure for this sale can be found here. Insiders sold 72,568 shares of company stock valued at $2,467,206 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRNT. TD Cowen reduced their price objective on Verint Systems from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 7th. Needham & Company LLC reduced their price objective on Verint Systems from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, September 7th. TheStreet cut Verint Systems from a “c-” rating to a “d+” rating in a research note on Wednesday, September 13th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Royal Bank of Canada dropped their target price on Verint Systems from $46.00 to $38.00 and set an “outperform” rating on the stock in a research report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.00.

Verint Systems Profile

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; Knowledge Management, which enables humans and bots to deliver service with tools.