American International Group Inc. grew its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,513 shares of the technology company’s stock after buying an additional 263 shares during the quarter. American International Group Inc.’s holdings in Verint Systems were worth $1,799,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Enlightenment Research LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at $25,000. Quantamental Technologies LLC acquired a new stake in shares of Verint Systems during the 4th quarter worth about $28,000. First Hawaiian Bank increased its position in shares of Verint Systems by 56.6% during the 4th quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after purchasing an additional 414 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Verint Systems by 162.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,385 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in shares of Verint Systems during the 4th quarter worth about $138,000. Institutional investors own 95.38% of the company’s stock.

In other Verint Systems news, CFO Douglas Robinson sold 1,432 shares of the stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total transaction of $64,182.24. Following the sale, the chief financial officer now owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Shares of NASDAQ:VRNT opened at $51.54 on Thursday. Verint Systems Inc. has a 12 month low of $37.10 and a 12 month high of $54.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.61 and a current ratio of 1.65. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.98 and a beta of 1.18.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, March 27th. The technology company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Verint Systems had a net margin of 4.58% and a return on equity of 12.47%. The firm had revenue of $330.20 million for the quarter, compared to analyst estimates of $332.54 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue was up 3.6% on a year-over-year basis. Analysts expect that Verint Systems Inc. will post 2.26 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on VRNT. BidaskClub cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 16th. TheStreet upgraded shares of Verint Systems from a “c+” rating to a “b+” rating in a research report on Tuesday, February 19th. ValuEngine upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, Wedbush reiterated a “buy” rating and set a $58.00 target price on shares of Verint Systems in a research report on Thursday, December 6th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Verint Systems has an average rating of “Buy” and a consensus price target of $56.00.

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Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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

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