Virtu Financial LLC Acquires Shares of 8,986 Verint Systems Inc. (NASDAQ:VRNT)

Virtu Financial LLC acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,986 shares of the technology company’s stock, valued at approximately $243,000.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Verint Systems by 2.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company’s stock valued at $792,000 after purchasing an additional 792 shares during the last quarter. CWM LLC increased its stake in shares of Verint Systems by 61.2% in the 4th quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after buying an additional 801 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Verint Systems by 12.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,165 shares of the technology company’s stock valued at $356,000 after buying an additional 1,435 shares during the period. Teza Capital Management LLC increased its stake in shares of Verint Systems by 19.0% in the 3rd quarter. Teza Capital Management LLC now owns 12,146 shares of the technology company’s stock valued at $279,000 after buying an additional 1,939 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Verint Systems by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 97,040 shares of the technology company’s stock valued at $2,231,000 after buying an additional 2,258 shares during the period. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VRNT shares. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, insider Peter Fante sold 4,417 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $36.60, for a total value of $161,662.20. Following the completion of the transaction, the insider now directly owns 98,975 shares of the company’s stock, valued at $3,622,485. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Verint Systems news, Director William Kurtz sold 2,110 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the transaction, the director now directly owns 20,193 shares of the company’s stock, valued at $737,852.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 4,417 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.60, for a total value of $161,662.20. Following the completion of the transaction, the insider now directly owns 98,975 shares of the company’s stock, valued at $3,622,485. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,043 shares of company stock valued at $4,065,138. Company insiders own 1.70% of the company’s stock.

Verint Systems Stock Down 0.8 %

Shares of Verint Systems stock opened at $34.19 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28. The business has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $30.36. The stock has a market cap of $2.11 billion, a PE ratio of 71.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. The business had revenue of $265.22 million during the quarter, compared to analysts’ expectations of $261.45 million. Research analysts predict that Verint Systems Inc. will post 1.99 EPS for the current year.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.