The Manufacturers Life Insurance Company Purchases 1,295 Shares of Verint Systems Inc. (NASDAQ:VRNT)

The Manufacturers Life Insurance Company increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,427 shares of the technology company’s stock after acquiring an additional 1,295 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Verint Systems worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNT. Wellington Management Group LLP bought a new stake in Verint Systems during the 4th quarter worth approximately $34,172,000. Mesirow Institutional Investment Management Inc. bought a new position in shares of Verint Systems in the 1st quarter worth $14,675,000. Victory Capital Management Inc. increased its holdings in shares of Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 35.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after buying an additional 211,570 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Verint Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after buying an additional 185,105 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Grant A. Highlander sold 3,389 shares of the firm’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 $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction 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 approximately $15,324,707.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 in the last quarter. Company insiders own 1.70% of the company’s stock.

Verint Systems Price Performance

VRNT stock opened at $23.37 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 48.69, a P/E/G ratio of 0.98 and a beta of 1.24. 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’s fifty day moving average is $28.34 and its 200 day moving average is $30.89. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $38.17.

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

Analyst Ratings Changes

VRNT has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Wednesday, September 25th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. TD Cowen decreased their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Jefferies Financial Group reduced their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a 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. Based on data from MarketBeat.com, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $34.67.

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.