Scientech Research LLC Takes $1.18 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Scientech Research LLC acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 36,689 shares of the technology company’s stock, valued at approximately $1,181,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after purchasing an additional 917 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Verint Systems during the first quarter valued at approximately $30,000. Innealta Capital LLC purchased a new position in shares of Verint Systems during the 2nd quarter valued at approximately $36,000. FinTrust Capital Advisors LLC grew its position in Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after buying an additional 754 shares during the period. Finally, NBC Securities Inc. purchased a new position in Verint Systems in the first quarter valued at $42,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 0.5 %

VRNT stock opened at $25.57 on Friday. Verint Systems Inc. has a one year low of $18.41 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market cap of $1.58 billion, a PE ratio of 53.27, a PEG ratio of 1.05 and a beta of 1.24. The firm’s 50 day moving average price is $30.51 and its 200-day moving average price is $31.39.

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

Insider Activity

In related news, CFO Grant A. Highlander sold 3,389 shares of the company’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 value of $87,605.65. Following the completion of the transaction, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Dan Bodner sold 16,932 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 $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now owns 131,267 shares in the company, valued at $3,393,251.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,811 shares of company stock worth $874,014. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

VRNT has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. Evercore ISI lowered their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a report on Thursday. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.67.

Verint Systems Company 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.