RGM Capital LLC Has $100.86 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

RGM Capital LLC cut its stake in Verint Systems Inc. (NASDAQ:VRNT) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,132,336 shares of the technology company’s stock after selling 35,000 shares during the quarter. Verint Systems accounts for 4.0% of RGM Capital LLC’s holdings, making the stock its 12th biggest position. RGM Capital LLC owned 5.08% of Verint Systems worth $100,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sei Investments Co. increased its stake in Verint Systems by 53.7% in the second quarter. Sei Investments Co. now owns 118,780 shares of the technology company’s stock valued at $3,825,000 after purchasing an additional 41,515 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Verint Systems in the 2nd quarter valued at $300,000. Westport Asset Management Inc. acquired a new stake in Verint Systems during the 2nd quarter worth $564,000. L & S Advisors Inc bought a new position in Verint Systems during the second quarter worth about $1,603,000. Finally, Edgestream Partners L.P. acquired a new position in Verint Systems in the second quarter valued at about $619,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Peter Fante sold 6,330 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the sale, the insider now directly owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,811 shares of company stock valued at $874,014. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VRNT. Jefferies Financial Group dropped their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Evercore ISI dropped their price objective on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Finally, TD Cowen cut their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Verint Systems Price Performance

NASDAQ VRNT opened at $25.09 on Friday. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $38.17. The firm’s 50 day moving average is $31.33 and its 200-day moving average is $31.59. The company has a market capitalization of $1.55 billion, a PE ratio of 52.27, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. Equities research analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Verint Systems Profile

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.