Kestrel Investment Management Corp decreased its position in Verint Systems Inc. (NASDAQ:VRNT) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 180,400 shares of the technology company’s stock after selling 8,500 shares during the period. Verint Systems comprises 2.7% of Kestrel Investment Management Corp’s portfolio, making the stock its 17th largest position. Kestrel Investment Management Corp owned 0.29% of Verint Systems worth $7,342,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of VRNT. Oppenheimer & Co. Inc. increased its position in shares of Verint Systems by 13.9% in the second quarter. Oppenheimer & Co. Inc. now owns 63,801 shares of the technology company’s stock worth $2,596,000 after buying an additional 7,791 shares during the period. Cipher Capital LP increased its position in shares of Verint Systems by 4.4% in the second quarter. Cipher Capital LP now owns 78,447 shares of the technology company’s stock worth $3,193,000 after buying an additional 3,322 shares during the period. Principal Financial Group Inc. increased its position in shares of Verint Systems by 5.8% in the second quarter. Principal Financial Group Inc. now owns 7,923 shares of the technology company’s stock worth $322,000 after buying an additional 431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after buying an additional 263 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Verint Systems by 716.2% in the second quarter. Prudential Financial Inc. now owns 50,064 shares of the technology company’s stock worth $2,038,000 after buying an additional 43,930 shares during the period. 94.65% of the stock is currently owned by institutional investors.

Shares of Verint Systems Inc. (NASDAQ:VRNT) traded down 0.13% on Friday, hitting $39.65. 44,814 shares of the company were exchanged. The company has a 50-day moving average price of $38.84 and a 200 day moving average price of $39.82. Verint Systems Inc. has a 52-week low of $33.40 and a 52-week high of $44.70. The firm’s market cap is $2.49 billion.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The firm had revenue of $265.70 million for the quarter, compared to analyst estimates of $259.97 million. During the same quarter last year, the firm posted $0.46 earnings per share. Verint Systems’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts predict that Verint Systems Inc. will post $2.72 EPS for the current fiscal year.

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A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 target price on shares of Verint Systems in a research note on Tuesday, August 15th. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 price target (up from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Imperial Capital reiterated an “in-line” rating and set a $47.00 price target (up from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Verint Systems presently has a consensus rating of “Hold” and a consensus price target of $44.38.

In other Verint Systems news, Director Richard N. Nottenburg sold 3,846 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total value of $157,493.70. Following the completion of the sale, the director now owns 18,178 shares of the company’s stock, valued at $744,389.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas Robinson sold 2,635 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total transaction of $107,666.10. Following the completion of the sale, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at approximately $6,530,163.48. The disclosure for this sale can be found here. Insiders sold 9,584 shares of company stock worth $393,624 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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

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