Verint Systems Inc. (VRNT) Shares Bought by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC boosted its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 52.5% during the second quarter, Holdings Channel reports. The firm owned 39,220 shares of the company’s stock after buying an additional 13,500 shares during the period. Stoneridge Investment Partners LLC owned about 0.06% of Verint Systems worth $1,299,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Bayesian Capital Management LP purchased a new stake in shares of Verint Systems during the first quarter valued at approximately $203,000. Integre Asset Management LLC increased its stake in shares of Verint Systems by 16.1% in the first quarter. Integre Asset Management LLC now owns 244,683 shares of the company’s stock valued at $8,168,000 after buying an additional 34,021 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Verint Systems during the first quarter valued at approximately $17,487,000. Geode Capital Management LLC increased its stake in shares of Verint Systems by 6.5% in the first quarter. Geode Capital Management LLC now owns 426,408 shares of the company’s stock valued at $14,233,000 after buying an additional 26,006 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Verint Systems by 15.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,161,856 shares of the company’s stock valued at $72,162,000 after buying an additional 293,525 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.
Verint Systems Inc. (NASDAQ:VRNT) traded up 0.66% on Thursday, hitting $38.30. 675,185 shares of the stock were exchanged. Verint Systems Inc. has a one year low of $29.76 and a one year high of $49.70. The stock’s market capitalization is $2.42 billion. The company has a 50 day moving average of $35.89 and a 200 day moving average of $34.63.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The firm earned $264.20 million during the quarter. Verint Systems had a negative net margin of 0.38% and a positive return on equity of 10.61%. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, equities research analysts forecast that Verint Systems Inc. will post $2.85 earnings per share for the current fiscal year.
A number of research firms have issued reports on VRNT. Imperial Capital increased their target price on shares of Verint Systems from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Zacks Investment Research downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Verint Systems in a research report on Tuesday. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research report on Wednesday, June 8th. Finally, Deutsche Bank AG increased their target price on shares of Verint Systems from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $42.43.
In related news, Director Larry F. Myers sold 4,243 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $37.51, for a total transaction of $159,154.93. Following the completion of the transaction, the director now owns 8,778 shares in the company, valued at $329,262.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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