NJ State Employees Deferred Compensation Plan maintained its position in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, Holdings Channel reports. The firm owned 12,981 shares of the technology company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Verint Systems were worth $528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its position in Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock worth $116,000 after buying an additional 576 shares in the last quarter. Bank of Montreal Can raised its position in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock worth $134,000 after buying an additional 927 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Verint Systems during the fourth quarter worth approximately $148,000. Strs Ohio raised its position in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock worth $182,000 after buying an additional 1,600 shares in the last quarter. Finally, Solaris Asset Management LLC raised its position in Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock worth $187,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.

Verint Systems Inc. (VRNT) opened at 38.30 on Tuesday. The firm’s market cap is $2.40 billion. The firm has a 50-day moving average of $40.29 and a 200 day moving average of $39.67. Verint Systems Inc. has a 52-week low of $33.40 and a 52-week high of $44.70.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. The business had revenue of $265.70 million during the quarter, compared to the consensus estimate of $259.97 million. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. Verint Systems’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. On average, equities research analysts forecast that Verint Systems Inc. will post $2.71 earnings per share for the current year.

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A number of research firms recently commented on VRNT. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price objective (up previously from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, June 14th. Finally, Imperial Capital restated an “in-line” rating and issued a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.38.

In other Verint Systems news, Director Larry F. Myers sold 3,103 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $41.40, for a total value of $128,464.20. Following the completion of the sale, the director now owns 10,751 shares of the company’s stock, valued at $445,091.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 3,846 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total transaction of $157,493.70. Following the completion of the sale, the director now directly owns 18,178 shares of the company’s stock, valued at approximately $744,389.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,584 shares of company stock valued at $393,624. 1.20% of the stock is currently owned by insiders.

Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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

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