SG Americas Securities LLC lowered its position in Verint Systems Inc. (NASDAQ:VRNT) by 9.6% in the second quarter, Holdings Channel reports. The fund owned 26,616 shares of the technology company’s stock after selling 2,826 shares during the quarter. SG Americas Securities LLC’s holdings in Verint Systems were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Verint Systems by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,582,586 shares of the technology company’s stock valued at $67,418,000 after acquiring an additional 65,335 shares during the last quarter. American Capital Management Inc. lifted its stake in Verint Systems by 1.1% in the second quarter. American Capital Management Inc. now owns 1,459,609 shares of the technology company’s stock valued at $64,734,000 after acquiring an additional 15,470 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Verint Systems by 14.4% in the second quarter. Victory Capital Management Inc. now owns 1,194,545 shares of the technology company’s stock valued at $52,978,000 after acquiring an additional 150,409 shares during the last quarter. Millennium Management LLC lifted its stake in Verint Systems by 102.3% in the first quarter. Millennium Management LLC now owns 867,737 shares of the technology company’s stock valued at $36,966,000 after acquiring an additional 438,832 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in Verint Systems by 7.2% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 596,900 shares of the technology company’s stock valued at $26,473,000 after acquiring an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

NASDAQ VRNT opened at $48.15 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.11 billion, a PE ratio of 26.53, a P/E/G ratio of 2.16 and a beta of 1.08. Verint Systems Inc. has a 52-week low of $37.10 and a 52-week high of $49.95.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Thursday, June 7th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $281.79 million. Verint Systems had a net margin of 0.94% and a return on equity of 10.69%. Verint Systems’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. equities research analysts expect that Verint Systems Inc. will post 2.25 earnings per share for the current year.

VRNT has been the subject of a number of research reports. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 9th. Imperial Capital upgraded shares of Verint Systems from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $47.00 to $49.50 in a research note on Thursday, May 31st. BidaskClub upgraded shares of Verint Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 26th. ValuEngine upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.75.

Verint Systems 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.

Further Reading: Fiduciary

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

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