Verint Systems Inc. (VRNT) Stake Maintained by Huntington National Bank
Huntington National Bank held its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,056 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Verint Systems were worth $127,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VRNT. Renaissance Technologies LLC acquired a new stake in Verint Systems during the first quarter valued at approximately $17,487,000. Goldman Sachs Group Inc. boosted its stake in 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Verint Systems during the first quarter valued at approximately $6,866,000. Bank of Montreal Can acquired a new stake in Verint Systems during the second quarter valued at approximately $3,164,000. Finally, State Street Corp boosted its stake in Verint Systems by 4.1% in the first quarter. State Street Corp now owns 1,167,494 shares of the company’s stock valued at $38,970,000 after buying an additional 45,729 shares in the last quarter. 93.83% of the stock is owned by institutional investors.
Verint Systems Inc. (NASDAQ:VRNT) traded down 1.22% on Friday, hitting $36.37. The stock had a trading volume of 255,656 shares. Verint Systems Inc. has a 1-year low of $29.76 and a 1-year high of $49.70. The stock has a 50 day moving average price of $36.33 and a 200 day moving average price of $34.74. The company’s market cap is $2.30 billion.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business earned $264.20 million during the quarter. Verint Systems had a positive return on equity of 10.61% and a negative net margin of 0.38%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. On average, equities research analysts expect that Verint Systems Inc. will post $2.85 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Verint Systems in a research note on Tuesday, September 20th. Zacks Investment Research cut Verint Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Imperial Capital raised their target price on Verint Systems from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $49.00 target price on shares of Verint Systems in a research note on Thursday, September 8th. Finally, Deutsche Bank AG raised their price objective on Verint Systems from $35.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.43.
In other Verint Systems news, Director Larry F. Myers sold 4,243 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was 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 of the company’s stock, valued at approximately $329,262.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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